Well this certainly is an interesting and dare I say exciting venture. My career never took me into venture capital funds and I am quite interested to learn more about the financing of this project. I know it is billed as a philanthropic venture but $10 million is $10 million all the same. One wonders what returns are expected for that investment? I couldn't glean much from the website other than this wee bit about:
'Scott A. Carlson
Executive Director
Following almost ten years with a New York-based investment bank, Scott moved to Europe in 1992 and founded his own practice working with newly privatized companies. In 1994 Scott established the operations of the Western NIS Enterprise Fund, a $150 million private equity fund that invests in private companies operating in Ukraine and Moldova.
After working in Europe for over a decade, Scott returned to the United States and founded his own consulting practice to provide strategic, financial, operating and organizational advice to early-stage and under-performing companies. Scott became the executive director of the Chronic Fatigue Initiative in 2010. Scott is a graduate of Harvard Business School and Washington & Lee University.'
I am not implying anything 'untoward' is behind any of this, indeed I am rather reassured in a way that it is being run (I assume) as a business venture and (I hope) that it brings additional credibility to the project overall. This approach though is rather novel and not only for my condition. I doubt very much if it is a case of $10 million without any expected return. Just wondering what that return might be?
Anyway, great to have read more about this - thanks