This is in response to X-Prize thread. Willy, I find your idea interesting but offering an award won’t get much attention, it would only make bald men look really desperate!
Instead if we start a for-profit Consortium that first raises money from people (obviously bald) and then invests it in various treatments i.e. by hiring scientists, funding research, doing own trials on volunteers (no shortage of that either) etc, it would be a much better approach.
Here is why I thnk that:
i) Raising money would be easy, since we would have a trusted public company working for bald people with only one goal on its manifesto!
ii) Even if we get 100,000 bald men to donate $1,000…we would have $100 million in liquid cash at startup. Obviously, there are many rich bald men out there who wouldn’t mind donating even more!
iii) Another big advantage is that if TRC works out, then our Consortium would have enough cash to either partner or acquire TRC technology…instead of relying on bosley etc.
iv) We can hire scientists and fund research to really speed up the trials. The way they are doing it right now is really slow and tedious.
v) All trail results would be public, so everyone would be on the same page as to the status of hairloss cure. No mind games like Aderans & Intercytex are doing!
The current hairloss research is seriously limited by lack of funding and dedication. If we get serious about this stuff we can raise enough money and get rid of this disease once and for all!