As we have reported to all investors and supporters, LPPFusion is again crowdfunding on the Wefunder website. Through the Wefunder site, anyone can now buy LPPFusion shares. We started this second campaign on Nov. 15, 2019 and now we are in the last two weeks, with the campaign ending Jan. 31, 2020. So far, we’ve raised $336,000 from 133 investors. We need to raise $64,000 more to reach our minimum goal of $400,000. We’re confident we can do that with the help of new and old investors.
This is your chance to help decide if and when fusion energy becomes reality. Humanity needs fusion to move forward. So far, LPPFusion has made the most progress towards achieving net energy for the least resources. With only $7 million invested, we have published peer-reviewed results thousands of times better than any other private fusion company. Our ratio of energy out to energy in is only 1/3 less than that achieved by JET, the most successful government fusion program—and they got that record back in 1997.
Your investment, a minimum of $1,000 for 8 shares, will make more of a difference with LPPFusion than with any other fusion project. Our company valuation right now is only $38 million, so you will get the best bargain in fusion. For non-accredited investors, the Wefunder campaign is at present the only way to invest in LPPFusion.
We realize that not everyone who wants to support our fusion effort can afford a $1,000 investment. For those who want to contribute, we will be initiating a major donation drive, with no minimum contribution, in February. We’ll be announcing the details shortly. Our goal remains to raise $1 million from all sources as soon as possible.