A recent LENR crowdfunding example
http://www.e-catworld.com/2014/02/e-cat-world-hho-experimentcrowdfunding-proposal/comment-page-1/#comment-178527 E-Cat World HHO Experiment/Crowdfunding Proposal Posted on February 26, 2014 by admin<http://www.e-catworld.com/author/admin/>* 19 Comments<http://www.e-catworld.com/2014/02/e-cat-world-hho-experimentcrowdfunding-proposal/#comments> <http://www.repost.us/article-preview/hash/6c95383aa8ae38d3c561b61382e081db/> I'm pleased to post a proposed experiment sent to me by Alan Smith, the Managing Director of London-based startup Leap Forward Laboratory, Ltd. Leap Forward Lab will move into a permanent home in late summer, but meanwhile Alan has the space and facilities required for this in his own workshop. Alan has had a wide range of experience in the manufacturing and engineering professions -- see his LinkedIn profile<http://www.linkedin.com/profile/view?id=109590201&trk=nav_responsive_tab_profile>for details. What we are really trying to find out here is if there is some kind of unconventional reaction taking place when HHO gas is combined with a catalyzer, as has been suggested a number of experimenters. We are simply trying to get an answer one way or another here. Alan's proposal is to carry out an experiment to examine the comparative heat output of two HHO systems, one with simple combustion (naked flame) and the other using catalytic recombination. The proposal is embedded below, along with a download link. Alan will carry out the proposed experiment if we can raise $500 by April 1, 2014 to cover the cost of the equipment he will need for the experiment, so this will be a crowdfunded project. If you want to support this effort, please send a contribution via Paypal to me, Frank Acland, at frankacl...@yahoo.com. If we raise the the total funds needed by April 1, Alan will carry out the experiment. If the fundraising goal is not met by that time, all donations will be refunded, and the experiment will not go forward. As you will see in the document, Alan is asking for comments on the proposed experiment, and will review all ideas carefully -- but will make the final decision on how the experiment will be carried out. There is a section in the E-Cat World Forum<http://www.e-catworld.com/forum/#/categories/e-cat-world-hho-experiment>dedicated to the discussion of this project, where Alan will provide updates of progress, and post videos and data. ECW readers are encouraged to participate in the forum to ask questions, provide input, etc. I will provide updates about fundraising progress in the forum space. Lfl Experiment Proposal HHO<http://www.scribd.com/doc/209348765/Lfl-Experiment-Proposal-HHO>by ecatworld <http://www.scribd.com/ecatworld> On Sat, Feb 22, 2014 at 7:51 AM, Eric Walker <eric.wal...@gmail.com> wrote: > On Fri, Feb 21, 2014 at 11:35 PM, Kevin O'Malley <kevmol...@gmail.com>wrote: > > Crowdfunding is the use of the internet to raise small sums of money from >> large numbers of investors. Current US law allows organizations such as the >> Martin Fleischmann Memorial Project to raise funds through crowdfunding but >> it doesn't allow them offer to offer equity (stock or ownership) to those >> who put up money. > > > Nice. Sort of like Kickstarter with equity. The one million cap is a > pittance. It will allow software startups to get going, but anything > focusing on hardware (e.g., LENR prototype development) is going to burn > through amount quickly. Having the SEC closely involved is also a possible > damper. It's one thing to log into Kickstarter, create an account and > start a campaign. It's another to apply to a federal bureaucracy, submit > documentation and obtain permission (assuming permission is needed). Also, > venture capital would laugh at finance on this scale. They generally want > something that they can really put a lot of money behind, and something > that will potentially have a huge ROI -- think of the 19B acquisition of > WhatsApp by Facebook. I'm pretty sure there are some happy VCs involved in > that purchase, who will take away a disproportionate part of the money as a > reward for their hard work, risk-taking, shrewd insights and brilliant > advice. But even with a teansy cap of one million, this amount is enough > for a software startup to "bootstrap" its way to profitability, possibly > cutting VCs out of the loop entirely and allowing the employees to retain > full equity throughout the life of the business. > > Even though something like Kickstarter with equity feels like it could be > a positive development overall for LENR, despite the tiny cap, I'm also > wary of a thousand LENR scams blooming. Although venture capital and angel > investors could potentially be hoodwinked by a dishonest or self-deceptive > player, they're on their guard and are generally willing to do some due > diligence. I think there is much less of an impulse to do due diligence > among LENR watchers more generally, so there could end up being a lot of > money thrown away on projects that are 100 percent unpromising. That's the > abstract analysis. More likely, I don't see this changing the situation > all that much, because it doesn't seem like there is a lot of money to go > around in LENR right now, even making it easier for everyday supporters to > participate. > > Eric > >
