I don’t think size is the best determiner. I think the seed network or mid-stage funding is probably higher EV at the cost of higher risk and more time to assess. I think if a donor finds getting into the weeds and speaking to the charities more fun I think they should go earlier stage. If they are time poor and want a reliable index fund I think it’s hard to beat GW/​ACE recs.
I don’t think size is the best determiner. I think the seed network or mid-stage funding is probably higher EV at the cost of higher risk and more time to assess. I think if a donor finds getting into the weeds and speaking to the charities more fun I think they should go earlier stage. If they are time poor and want a reliable index fund I think it’s hard to beat GW/​ACE recs.