I’m touched by the story about your son. On top of that, I know your track record. You could be the man for the job. However, I don’t believe you will achieve your mission as a nonprofit.
Most people who hear that you’re working with psychedelics will think you’ve lost your mind. Even if they see the potential as I do, the dollar need is so great it’s unlikely, if not impossible, it can come through philanthropy. If it does, it will happen at a glacial pace.
We’ve both led drug development in the past. You know how phenomenally expensive it can be and how much risk there is. Plus, the soma plant’s classification as a Schedule I drug, and its troubling history with the Sixties, adds to the complexity. I’ve known you for a long time, so I say this to you as a friend. If you really want to help your son, you should change your model.
Consider what might happen if you make Solstice a for-profit: you could attract large amounts of capital through offering investors the possibility of a huge return. You would then have the necessary resources to make somamine the FDA-approved prescription treatment that we need.
If it’s of interest, I’d add that this is exactly the kind of thing I would invest in. Not for $500,000. For $5 million instead. That would only be the start.