LPPFusion Funding Campaign News
Written by Tim Lash, Focus Fusion Society Contributor.
LPPFusion has been running an equity funding campaign via the WeFunder website. The successful campaign has met the minimum funding goals, but the team hopes to meet their stretch goal in the last few weeks of the program.
WeFunder website has been able to attract a new class of investor thanks to recent changes in U.S. securities law. As explained in a previous FocusFusion post, in 2012 President Obama signed the Jumpstart Our Business Startups Act (JOBS Act). Title III of this legislation went into effect on May 16th 2016. It allows for more liberal investment opportunities in private companies. LPPFusion is using these new rules to place an investment offering on WeFunder.com. U.S. law previously prohibited unaccredited investors (those earning less than $200,000 a year with a net worth below $1 million) from investing in private companies in exchange for equity. Such investors could only fund startup projects via platforms such as Kickstarter or Indiegogo in return for a discount or the product itself. But now, just about anyone can invest in a non-public company in return for corporate equity.
LPPFusion’s Wefunder equity crowdfunding will conclude April 30. That leaves about two weeks to evaluate this opportunity and, hopefully, choose to invest. The WeFunder campaign website features a great ten minute video explaining the LPPFusion approach, the progress made so far and the advantages of their proposed path to fusion power. The title card above is of a screenshot outlining six advantages of the LPPFusion proposal.
Additionally, this April 2018 LPPFusion newsletter provides some intriguing updates. A patent for their fusion approach has been granted by the European Union. This will stand beside the existing patents granted by United States, China, Canada and Australia. The newsletter outlines plans for a new vacuum chamber. Finally it makes mention of Amazon availability for the film “Let There Light” featuring LPPFusion. As we covered earlier, the film is well made and quite enjoyable. Don’t miss it, or the chance to participate in the WeFunder campaign.