“I’m intrigued that you are willing to give a grant of $500,000 a “pass”, what do you mean by that exactly? In my mind $500,000 is a large amount of money. To try and steelman a little (with assumptions), do you mean that you would be OK with the grant if the organisation was shown to have a track record in the area, and the approach could have a a high expected value if successful (even if a low chance of success) then you would be OK with the grant even if it didn’t bear fruit?”
Yes I do think this.
And the question is whether they are good at predicting. Do you think your long applications help that? Ive done huge grant application docs and thought they were largely a waste of everyone’s time.
I imagine I want scrutiny but I currently trust OP. I don’t sense long documents would have helped—I imagine they knew this was risky.
“I’m intrigued that you are willing to give a grant of $500,000 a “pass”, what do you mean by that exactly? In my mind $500,000 is a large amount of money. To try and steelman a little (with assumptions), do you mean that you would be OK with the grant if the organisation was shown to have a track record in the area, and the approach could have a a high expected value if successful (even if a low chance of success) then you would be OK with the grant even if it didn’t bear fruit?”
Yes I do think this.
And the question is whether they are good at predicting. Do you think your long applications help that? Ive done huge grant application docs and thought they were largely a waste of everyone’s time.
I imagine I want scrutiny but I currently trust OP. I don’t sense long documents would have helped—I imagine they knew this was risky.