I would say that current thinking is primarily to contribute towards our best estimates of the highest value funding gaps, with some adjustment for fungibility and how time expensive it will be for senior management to fill their funding gap.
However, the team are also keen to fund a variety of things each round and we have agreed to aim to have some spread each round between larger orgs and smaller orgs.
I would expect that we continue a trend of larger checks to larger orgs and smaller checks to smaller orgs.
What are your thoughts on funding smaller “start-up” organizations (e.g., LetsFund) versus larger “established” organizations (e.g., 80K)?
I would say that current thinking is primarily to contribute towards our best estimates of the highest value funding gaps, with some adjustment for fungibility and how time expensive it will be for senior management to fill their funding gap.
However, the team are also keen to fund a variety of things each round and we have agreed to aim to have some spread each round between larger orgs and smaller orgs.
I would expect that we continue a trend of larger checks to larger orgs and smaller checks to smaller orgs.