Earlier quoted context omitted.
Here is a quote that my experience in science has caused me to resonate with. "I think there's been a Gresham's Law in science funding in this country, as the political people who are nimble in the art of writing government grants have gradually displaced the eccentric and idiosyncratic people who typically make the best scientists. The eccentric university professor is a species that is going extinct fast." - Peter…
There are many problems with the institutions in this country that give grants. However, crowdsourcing is not the answer. Nor is baiting people by offering them the promise of a "patent free" cancer drug. Full-term drug development, including clinical trials reaches into the billions of dollars. You're never going to crowdsource that. So even if your drug is wildly successful and nontoxic (of which the chances are ti…
I think it's correct to say that I am not going to crowdfund the entire drug development. Accordingly, that is not the plan. My vision is that the first stage (well second, really) is crowdfunded to show that there is broad interest in the idea in society, to raise some amount of funding outside of institutional granters, and achieve a productive result showing that indysci (and I) are not totally incompetent buffoons.
The completion of preclinicals (which typically ranges in the single-to-double-digit millions) would probably best come from institutional nonprofit granters, and running clinicals should come from the for-profit (probably generic) pharma that is seeking to capitalize on it. But I'm open-minded to other ideas.