Someone donating $100K to REG would push it to the point where I don’t feel confident that additional funding would be valuable. My purpose in referring to “small donors” here was that REG is a small organization and might not have much RFMF, so one very wealthy person could quickly exhaust its RFMF. I think that would be a great thing to do, of course, but I wouldn’t be as bullish on REG anymore afterward.
Someone donating $100K to REG would push it to the point where I don’t feel confident that additional funding would be valuable. My purpose in referring to “small donors” here was that REG is a small organization and might not have much RFMF, so one very wealthy person could quickly exhaust its RFMF. I think that would be a great thing to do, of course, but I wouldn’t be as bullish on REG anymore afterward.
I largely agree with Evan’s analysis.