“On EA Ventures, points 1 and 2 seem particularly surprising when put together. You found too few exciting projects but even they had trouble generating funder interest?”
This isn’t surprising if the model is just that new projects were uniformly less exciting than one might have expected: there were few projects above the bar for ‘really cool project’, and even they were only just above the bar, hence hard to get funding for.
Part of the problem is that the best projects are often able to raise money on their own without an intermediary to help them. So, even if there are exciting projects in EA, they might not need our help.
“On EA Ventures, points 1 and 2 seem particularly surprising when put together. You found too few exciting projects but even they had trouble generating funder interest?”
This isn’t surprising if the model is just that new projects were uniformly less exciting than one might have expected: there were few projects above the bar for ‘really cool project’, and even they were only just above the bar, hence hard to get funding for.
This is my read on what happened.
Part of the problem is that the best projects are often able to raise money on their own without an intermediary to help them. So, even if there are exciting projects in EA, they might not need our help.