Question: How funding constrained do you feel like the Long-Term Future Fund is? Do you feel like you get to make essentially every grant you think you’d reasonably want to make or are there more awesome grants you would’ve made if only the fund had raised more money?
Stefan Torges from REG recently asked me for our room for funding, and I sent him the following response back:
About the room for funding question, here are my rough estimates (this is for money in addition to our expected donations of about $1.6M per year):
75% confidence threshold: ~$1M
50%: ~$1.5M
25%: ~$3M
10%: ~$5M
Happy to provide more details on what kind of funding I would expect in the different scenarios.
The value of these marginal grants doesn’t feel like it would go down more than 20% than our current worst grants, since in every round I feel like there is a large number of grants that are highly competitive with the lowest-ranked grants we do make.
In other words, I think we have significant room for funding at about the quality level of grants we are currently making.
Question: How funding constrained do you feel like the Long-Term Future Fund is? Do you feel like you get to make essentially every grant you think you’d reasonably want to make or are there more awesome grants you would’ve made if only the fund had raised more money?
Stefan Torges from REG recently asked me for our room for funding, and I sent him the following response back:
The value of these marginal grants doesn’t feel like it would go down more than 20% than our current worst grants, since in every round I feel like there is a large number of grants that are highly competitive with the lowest-ranked grants we do make.
In other words, I think we have significant room for funding at about the quality level of grants we are currently making.