At present, the Funds evaluate hundreds of grant applications a year, generally seeking high four to low six figures in funding (median seems to be mid-five). In a world where the Funds were largely replaced by lotteries, where would those applicants go? Do we predict that the lottery winners would largely take over the funding niche currently filled by the Funds? If so, how would this change affect the likelihood of funding for smaller grant applicants?
At present, the Funds evaluate hundreds of grant applications a year, generally seeking high four to low six figures in funding (median seems to be mid-five). In a world where the Funds were largely replaced by lotteries, where would those applicants go? Do we predict that the lottery winners would largely take over the funding niche currently filled by the Funds? If so, how would this change affect the likelihood of funding for smaller grant applicants?