I wonder if some more formalized system for advances would be worth it? I think this kind of chaos is one of the biggest consequences of delays for payments, and a low-friction way to get bridge loans would remove a lot of the costs.
You could run it as pure charity or charge reasonable fees to grantmakers for the service.
Yeah, I would quite like that. In some sense the venture granting system we have is trying to be exactly that, but that itself is currently delayed on getting fully set up legally and financially. But my current model is that as soon as its properly set up, we can just send out money on like a 1-2 day turnaround time, reliably.
I wonder if some more formalized system for advances would be worth it? I think this kind of chaos is one of the biggest consequences of delays for payments, and a low-friction way to get bridge loans would remove a lot of the costs.
You could run it as pure charity or charge reasonable fees to grantmakers for the service.
Yeah, I would quite like that. In some sense the venture granting system we have is trying to be exactly that, but that itself is currently delayed on getting fully set up legally and financially. But my current model is that as soon as its properly set up, we can just send out money on like a 1-2 day turnaround time, reliably.