[Mz]

I don't think there is an ethical obligation to do anything. I hope people contributing can afford to lose whatever funds they are pledging. They will have to seek FDA approval. If they don't get it, no one is going to be buying some overhyped piece of plastic that doesn't actually work.

One of the challenges we have currently is that the medical field is over regulated and there are excessive barriers to entry. Perhaps you can make your peace with the fact that it isn't your money and if people want to hope against hope for something better and pledge a few dollars, that is their choice. Then the developers might get their shot at developing something new. Maybe it won't meet every criteria they listed. Maybe it somehow will. Maybe it will be a complete flop. (Shrug)

Innovation only happens when there is some leeway for some of it to fail. $100k is a drop in the bucket for medical research. Why do you feel such a strong need to not even let them try? I suggest you let it go.