*Our founder and director, Greg Colbourn, has pledged to match-fund up to £25,000. £50,000 extends our runway until the end of May, giving us the chance to further build the case for CEEALAR and apply to another grant round.
Cool! Could I ask what will happen to the matching funds if they aren’t maxed out?
So one of the main reasons for the donation matching is for social proof—I don’t want to be the only person who thinks that CEEALAR is worth funding! If the matching funds aren’t maxed out, I will probably (90%) still fund CEEALAR enough to get us to May to have another go at getting an SFF grant, but I would be more reluctant to (65%) without the evidence of enough other people thinking it’s worth significantly funding too. I get that this is somewhat subjective, so sorry if it’s a bit of a cop out.
Cool! Could I ask what will happen to the matching funds if they aren’t maxed out?
So one of the main reasons for the donation matching is for social proof—I don’t want to be the only person who thinks that CEEALAR is worth funding! If the matching funds aren’t maxed out, I will probably (90%) still fund CEEALAR enough to get us to May to have another go at getting an SFF grant, but I would be more reluctant to (65%) without the evidence of enough other people thinking it’s worth significantly funding too. I get that this is somewhat subjective, so sorry if it’s a bit of a cop out.