On point #1, there’s a critical distinction in the type of “follow-on” strategy we’re employing, which is a standard template $100K into a large number of companies (generally known as the “spray and pray” model). This is characterized by low diligence per deal as opposed to most VC’s who do still put in a decent amount of effort. Spray and pray of course has it’s drawbacks in terms of validating the quality of the deal flow, but that’s the crux we’re exploring here regarding EA-aligned founders being potentially higher quality than average.
On point #2 not to be autobiographical but I personally am an example of an individual who would not have started an EA project without the onramp from Founders Pledge to actually introduce me to the community networks to get Snowball Fund up and running.
Daniel’s comments:
On point #1, there’s a critical distinction in the type of “follow-on” strategy we’re employing, which is a standard template $100K into a large number of companies (generally known as the “spray and pray” model). This is characterized by low diligence per deal as opposed to most VC’s who do still put in a decent amount of effort. Spray and pray of course has it’s drawbacks in terms of validating the quality of the deal flow, but that’s the crux we’re exploring here regarding EA-aligned founders being potentially higher quality than average.
On point #2 not to be autobiographical but I personally am an example of an individual who would not have started an EA project without the onramp from Founders Pledge to actually introduce me to the community networks to get Snowball Fund up and running.
Thanks for the data point about you coming from FP! That’s helpful.