My guess is that it’s mostly that more funders being in the space increases the chance that good things get funded even if EAIF doesn’t fund them, thus reducing the cost of false negatives (i.e., EAIF rejecting things that in reality should’ve been funded), thus reducing the cost of raising the bar. (But that’s just a guess.)
My guess is that it’s mostly that more funders being in the space increases the chance that good things get funded even if EAIF doesn’t fund them, thus reducing the cost of false negatives (i.e., EAIF rejecting things that in reality should’ve been funded), thus reducing the cost of raising the bar. (But that’s just a guess.)