Source https://www.fightaging.org/archives/2021/11/vitadao-a-novel-approach-to-crowdfunding-life-science-research/
How to crowdfund the development of products, with variants such as crowdfunding to purchase equity in a company rather than a product, is a solved problem. Enabled by the internet, crowdfunding clearly works well when those who provide the funds will obtain something of concrete value in the near term as a result, be it a product or equity. Unfortunately, the established approaches to crowdfunding, exemplified by platforms such as Kickstarter, fail to work at scale when the goal is to fund scientific research. People have tried, numerous times, to make a Kickstarter for scientific research, with Experiment being perhaps the best of the resulting failures. The fundamental issue is that without the quid pro quo of a product or equity, some concrete value obtained, the incentives and feedback loops that make Kickstarter and its ilk work are absent.
The only type of crowdfundi…
Source https://www.fightaging.org/archives/2021/11/vitadao-a-novel-approach-to-crowdfunding-life-science-research/
How to crowdfund the development of products, with variants such as crowdfunding to purchase equity in a company rather than a product, is a solved problem. Enabled by the internet, crowdfunding clearly works well when those who provide the funds will obtain something of concrete value in the near term as a result, be it a product or equity. Unfortunately, the established approaches to crowdfunding, exemplified by platforms such as Kickstarter, fail to work at scale when the goal is to fund scientific research. People have tried, numerous times, to make a Kickstarter for scientific research, with Experiment being perhaps the best of the resulting failures. The fundamental issue is that without the quid pro quo of a product or equity, some concrete value obtained, the incentives and feedback loops that make Kickstarter and its ilk work are absent.
The only type of crowdfundi…
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