I think there’s just something that feels less reliable about individual, perhaps anonymous funders rather than an official, professional organization.
For example, one could worry about applications taking a long time to process because it takes time to coordinate with the individual funders who are volunteer and not employees. Or people might have concerns about giving bank info to the funders (or transferring large amounts of money some other way.)
But if Basefund handles everything and the funders just feel like a detail that’s happening behind the scenes, this would be less of a concern.
Also, I was unclear, but I meant to say that the “refund version feels like something you can rely on.” Sorry about that, I’ve edited to clarify. But I understood that in both cases it’s capped at 50%.
I think there’s just something that feels less reliable about individual, perhaps anonymous funders rather than an official, professional organization.
For example, one could worry about applications taking a long time to process because it takes time to coordinate with the individual funders who are volunteer and not employees. Or people might have concerns about giving bank info to the funders (or transferring large amounts of money some other way.)
But if Basefund handles everything and the funders just feel like a detail that’s happening behind the scenes, this would be less of a concern.
Also, I was unclear, but I meant to say that the “refund version feels like something you can rely on.” Sorry about that, I’ve edited to clarify. But I understood that in both cases it’s capped at 50%.
This will indeed be the case!