Thanks for your comment. Can you elaborate on putting a "team"? He was able to recruit doctors from the Mayor Clinic & UCSD Cancer Center (San Diego). We have the facility that will be provided by the school or Scripps Hospital. All we need is the $$ to get the trials going.
I understand that once you have VC involves, you would have to give up most of your company and they may want to form their own management team.
Congratulations on your progress so far.
Drug trial funding is a pretty specialized area of the VC world.
It`s great that you & your husband have made it this far - but it might be time to consider putting a "team" around this project.
The "team" he has assembled sounds terrific. Since you mentioned in your first post that he is a researcher, not a business type I might look to add some business types to the "team" as well.
As for VC forming their own management team - generally that`s not typical. Usually they won`t invest unless there is a sound management team in place. However, they may want a seat(s) on the Board of Directors, etc.