The letter he wrote just highlighted the difficultly of the challenge they are undertaking and built up the significance of what they are trying to achieve by emphasizing with the mass emotional toll that hairloss pushes onto people.of course Stemson have credits and I'm not questioning its potential for the hair loss market or comparing them with these other ""scams""..
But I'm criticizing the purpose of the letter from the CEO. What is the reason of it?
Basically, he said (and everything are true) that baldness is a considerable problem, the solutions provided to it until now are disheartening, they are rising money to invest in the solution, but it is difficult to get it and they are just starting.
Neutral points:
- bla bla bla about problems of hair loss, emotional history and bad products at market until now.
Negative points:
1) They are just starting the pipeline
2) He didn't guarantee anything
3) Is hard to obtain the solution
Positive points:
1) They are rising money and are serious to try to provide a product to "cure" baldness (but I think we can compare this positive points with the "others". Every big player in this market are seriuous to bring hair loss cure, so, this point is not very useful)
For me, this letter was not a good choice, even for businesses logic. It would been better/interesting to just announced the partnership and written down advances of their current research.
Instead of publish this bad letter, which looks like a candlelight close to a darkness that itself brings
It's very possible they got delayed in the timing of their pre-clinical research but its very difficult to see the CEO standing there with a fresh 15m dollar check from a new biotech investor and think this could be a negative. They're also developing the robotics that will have this process quick, cheaper, and far more natural then most transplant surgeons could accomplish.