We’ll be releasing a write up of our 2019 review and 2020 plans in the near future, and will include historic spending for EA Grants and CBGs in 2019, as well as our projected spending in 2020. We spent $688,875 on CBGs in 2018. Because we didn’t have a separate accounting line item for EA Grants in 2018 and did not have consolidated internal documentation, it would take some time to come up with a specific amount. From our quick estimates, it is unlikely our EA grants spending was more than $1M, which would indicate we spent significantly less on EA Grants and CBGs in 2018 than the $3.7M announced in the 2018 fundraising post. We believe we were overly optimistic about the speed in which we could launch new programs historically and now are more conservative with our expectations related to launching new programs.
Thanks for this Joan! I may have some followup questions related to this, but will wait to see if they’re addressed by the forthcoming writeup as I want to be respectful of your time. I look forward to reading it!
We’ll be releasing a write up of our 2019 review and 2020 plans in the near future, and will include historic spending for EA Grants and CBGs in 2019, as well as our projected spending in 2020. We spent $688,875 on CBGs in 2018. Because we didn’t have a separate accounting line item for EA Grants in 2018 and did not have consolidated internal documentation, it would take some time to come up with a specific amount. From our quick estimates, it is unlikely our EA grants spending was more than $1M, which would indicate we spent significantly less on EA Grants and CBGs in 2018 than the $3.7M announced in the 2018 fundraising post. We believe we were overly optimistic about the speed in which we could launch new programs historically and now are more conservative with our expectations related to launching new programs.
Thanks for this Joan! I may have some followup questions related to this, but will wait to see if they’re addressed by the forthcoming writeup as I want to be respectful of your time. I look forward to reading it!