Final post for the day as it’s late. Posting this question myself as I think it’s a useful one to have addressed:
Why have you chosen to spread your grants across a number of orgs and not given most of it to just the one or two org/s you thought were the most pressing?
Some part of the large potential upside of this fund, and the reason why some of the team are excited to put so much of their time into it, is that if we do a really good job it could grow and attract significant additional capital into the meta cause areas.
Whilst a relatively small cause area, in a more efficient market for non-profits, I would expect that the space was funded to the brim due to the outsized returns available within it. I see moving additional capital into this space as highly valuable and I think it’s often a smaller, easier jump for many donors than some of the more exotic super-high-impact cause areas.
My intuition is that I think that the fund would not be particularly attractive to new donors or have that much potential for growth if we only funded one project at a time and given that there are a number of projects available with similarly high expected value, spreading over a number of orgs (and including some early stage orgs) seems like a valuable thing to do.
I think this sentiment is shared across the team but may also include other reasons.
Final post for the day as it’s late. Posting this question myself as I think it’s a useful one to have addressed:
Why have you chosen to spread your grants across a number of orgs and not given most of it to just the one or two org/s you thought were the most pressing?
Some part of the large potential upside of this fund, and the reason why some of the team are excited to put so much of their time into it, is that if we do a really good job it could grow and attract significant additional capital into the meta cause areas.
Whilst a relatively small cause area, in a more efficient market for non-profits, I would expect that the space was funded to the brim due to the outsized returns available within it. I see moving additional capital into this space as highly valuable and I think it’s often a smaller, easier jump for many donors than some of the more exotic super-high-impact cause areas.
My intuition is that I think that the fund would not be particularly attractive to new donors or have that much potential for growth if we only funded one project at a time and given that there are a number of projects available with similarly high expected value, spreading over a number of orgs (and including some early stage orgs) seems like a valuable thing to do.
I think this sentiment is shared across the team but may also include other reasons.