Historically, approximately every 3 weeks we’ve apprised applicants of what the shape of the conversation is on their proposal among the angels. The applicant can then provide additional details if they think it will inform the internal conversation.
If the conversation seems to have stopped, then we inform the applicant of the low likelihood of their receiving a grant, although we haven’t enforced a strict turnaround time in the past since each angel donor could have a different cadence for donating e.g. “At the end of each quarter, I give out 25% of my annual donations to the most promising project(s).”
What sort of decision timeline can applicants expect? The existing opportunities are often slow compared to e.g. VC funding which is bad for planning.
Historically, approximately every 3 weeks we’ve apprised applicants of what the shape of the conversation is on their proposal among the angels. The applicant can then provide additional details if they think it will inform the internal conversation.
If the conversation seems to have stopped, then we inform the applicant of the low likelihood of their receiving a grant, although we haven’t enforced a strict turnaround time in the past since each angel donor could have a different cadence for donating e.g. “At the end of each quarter, I give out 25% of my annual donations to the most promising project(s).”