3 ms·

If you look at the fundraising page they have a budget but it looks like the $500k just pays for the next experiment it wont even get them to Phase 1. Microsof

by simonk 13y ago

If you look at the fundraising page they have a budget but it looks like the $500k just pays for the next experiment it wont even get them to Phase 1. Microsoft Research gave them $1M to get this far.

opendomain 13y ago
I did some more research and would really like a clarifcation of this project. First of all - Flow Pharma is the inventor of the vsaccine - they are a FOR PROFIT angel backed company. Why do they need crowdfunding? Second - How does Immunity project work? It seems that the real non-profit is "Until there is a cure". So you are donating money to them, which then give the money to the immunity project which pays for a trial of an unproven drug for a FOR prfit company. This is a fantastic project and I promise I will donate if you have full disclosure. thank you for doing this.
- naveenspark 13y ago
  More then happy to give you the full details on how we've set this up: the vaccine is being developed by Flow Pharma Inc. Instead of setting up our own 501(c)3, we setup a fiscal sponsorship agreement with Until There's A Cure, a leading HIV/AIDS focused 501(c)3. We are operating the project as a non profit even though our entity type is technically a corp. In other words we are obligated to follow 501(c)3 rules and regulations, and we are obligated to give our vaccine away for free regardless of our entity type. The primary reason we did this is because its much better to work with a well established 501(c)3 that has team members who can help provide validation and support then to start from scratch on your own. It is also much faster to do this then setup your own 501(c)3.
  - opendomain 13y ago
    Thank you very much for your response! Unfortunately, I do not think you actually answered my questions! * Why does Flow Pharma need crowdfunding when they are FOR PROFIT? * How can you guarantee FREE vaccines for everyone for only $500k? * What will the crowd founding be spent on and will there be follow on investing needed? * What is the future of Immunity Project? Have you begun your application to be your own official non-profit? EDIT: I seem that someone else answered a part "Dr. Reid Rubsamen, developed the vaccine is part of the Immunity Project", but does not explain the exact relationship with Flow Pharma?

by simonk 13y ago

opendomain 13y ago

I did some more research and would really like a clarifcation of this project. First of all - Flow Pharma is the inventor of the vsaccine - they are a FOR PROFIT angel backed company. Why do they need crowdfunding? Second - How does Immunity project work? It seems that the real non-profit is "Until there is a cure". So you are donating money to them, which then give the money to the immunity project which pays for a trial of an unproven drug for a FOR prfit company. This is a fantastic project and I promise I will donate if you have full disclosure. thank you for doing this.

naveenspark 13y ago
More then happy to give you the full details on how we've set this up: the vaccine is being developed by Flow Pharma Inc. Instead of setting up our own 501(c)3, we setup a fiscal sponsorship agreement with Until There's A Cure, a leading HIV/AIDS focused 501(c)3. We are operating the project as a non profit even though our entity type is technically a corp. In other words we are obligated to follow 501(c)3 rules and regulations, and we are obligated to give our vaccine away for free regardless of our entity type. The primary reason we did this is because its much better to work with a well established 501(c)3 that has team members who can help provide validation and support then to start from scratch on your own. It is also much faster to do this then setup your own 501(c)3.
- opendomain 13y ago
  Thank you very much for your response! Unfortunately, I do not think you actually answered my questions! * Why does Flow Pharma need crowdfunding when they are FOR PROFIT? * How can you guarantee FREE vaccines for everyone for only $500k? * What will the crowd founding be spent on and will there be follow on investing needed? * What is the future of Immunity Project? Have you begun your application to be your own official non-profit? EDIT: I seem that someone else answered a part "Dr. Reid Rubsamen, developed the vaccine is part of the Immunity Project", but does not explain the exact relationship with Flow Pharma?