Several of the most promising applicants from previous rounds were willing to roll their applications to the new format. It’s not clear that haste makes significant (any?) waste. We also weren’t getting many new applicants per month without any new activity on our part, and we are generally interested in conserving time.
Since we never announced how much we would spend in 2016, it’s hard to demonstrate that extra money is really extra.
Several of the most promising applicants from previous rounds were willing to roll their applications to the new format. It’s not clear that haste makes significant (any?) waste. We also weren’t getting many new applicants per month without any new activity on our part, and we are generally interested in conserving time.
Since we never announced how much we would spend in 2016, it’s hard to demonstrate that extra money is really extra.