Love this idea! Excited to see this go into action. If the fund gets high returns I think it would be great to have a large pool of funds under control of a broader base of EAs (assuming a lot of EAs contribute to the fund). And I think the brand building getting EA in direct contact with early stage entrepreneurs (and in front of the eyeballs of everyone reading eg TechCrunch and seeing EA Snowball fund listed as a funder) could be powerful.
Biggest concern in my mind is that this becomes a low tier VC—establishing it as a “premium” brand that founders want to have as a funder would be critical I think, so that the EA founders don’t just say “we’ll I’d rather just get an extra 100k from my existing funders and not have to deal with this Snowball fund”
Love this idea! Excited to see this go into action. If the fund gets high returns I think it would be great to have a large pool of funds under control of a broader base of EAs (assuming a lot of EAs contribute to the fund). And I think the brand building getting EA in direct contact with early stage entrepreneurs (and in front of the eyeballs of everyone reading eg TechCrunch and seeing EA Snowball fund listed as a funder) could be powerful.
Biggest concern in my mind is that this becomes a low tier VC—establishing it as a “premium” brand that founders want to have as a funder would be critical I think, so that the EA founders don’t just say “we’ll I’d rather just get an extra 100k from my existing funders and not have to deal with this Snowball fund”