#13160
DerekShannon
Participant

Crowdfunding update from LPP’s February 2014 report, available here (click for video!).

[em]Crowdfunding Plans Move Forward as 60 Volunteer – New video + March 9 livestream event! [/em]

As LPP, in cooperation with the Focus Fusion Society, moves forward toward launching its first crowdfunding drive, over 60 volunteers have come forward to help by signing up at LPP’s website. In crowdfunding, contributions are solicited on central websites, such as Kickstarter or Indiegogo. The volunteers, from fifteen countries, have started to publicize the crowdfunding effort and have themselves pledged over $12,000. In addition, volunteers are starting to take on other tasks, such as selecting the best photos to upload to LPP’s new website, planned to go live in late March.

On March 9, LPP will host our first crowdfunding “meet-up” in New York City, from 2PM to 4PM Eastern at Tekserve on 119 West 23rd Street. For those unable to attend in person, the event will be livestreamed via Google+ Hangouts on Air, from LPP’s new Youtube channel.

The initial crowdfunding effort is planned to kick off on Earth Day, April 22. It will aim to raise the money needed for the project’s most expensive set of equipment—the beryllium electrodes that will replace the tungsten electrodes now in the works. Beryllium will be needed for the final part of the research drive to demonstrate scientific feasibility because of the intense x-rays that will be generated as FF-1 approaches its highest performance. The x-rays are absorbed in a tiny layer of tungsten, and will vaporize it. But beryllium will be transparent to most x-rays and will spread out the rest harmlessly. However, beryllium is far more expensive than tungsten and the electrodes will cost as much as $250,000, something crowdfunding can supply.

In the run-up to the crowdfunding, LPP needs publicity and it got some when LPP investor Peter Arneson posted a well-written description of the project on the Contrarian Investor website. The lively discussion about the post was continued at the Tesla Motors website. The discussion increased traffic on LPP’s website and motivated a wave of inquires about investments.

Fall 2013 Focus Fusion Cleantech NYC talk now available

In other video news, LPP has launched our own YouTube channel, separate from the Focus Fusion Society’s still valued presence at http://www.youtube.com/FocusFusionSociety and linked to our Google+ Page. The new channel’s first video is a recording of a talk by Eric at the NYC Cleantech Opportunities event in November 2013. Share it or other videos to introduce Focus Fusion to your network!