Grants ramp up and demand for talent seems stable, so most financial value is in the future. So defecting by taking the money and running, or other kinds of defection is costly.
The incentives are even larger because grants ramp up in size and independence.
Most grants, including community building grants, have observable outputs in early stages.
The larger the grant is, the higher the output and more skill demanded.
A 50K development grant for extraordinary young people has been done before. In the Thiel instance, it has been really successful, with a large number of high value projects and people.
Finally, this isn’t what will need to happen, but an available, robust strategy is to focus on giving grants to people with high opportunity costs or high outside options. These outside options are observable and also correlated with effectiveness, for reasons most people find acceptable.
It seems like there are tools to deal with this:
Grants ramp up and demand for talent seems stable, so most financial value is in the future. So defecting by taking the money and running, or other kinds of defection is costly.
The incentives are even larger because grants ramp up in size and independence.
Most grants, including community building grants, have observable outputs in early stages.
The larger the grant is, the higher the output and more skill demanded.
A 50K development grant for extraordinary young people has been done before. In the Thiel instance, it has been really successful, with a large number of high value projects and people.
Finally, this isn’t what will need to happen, but an available, robust strategy is to focus on giving grants to people with high opportunity costs or high outside options. These outside options are observable and also correlated with effectiveness, for reasons most people find acceptable.