Hmm Lightcone Commons uses some proportional distribution system I think—though I didn’t quite read it in enough detail to understand it—which would be similar in spirit but sligtly different from what I meant.
Yeah I think the “ideal design” you mention afterwards is what I had in mind here. I’ve even read SFF grantmakers (I think in Zvi’s reflection from 1-2 years ago) stating they are less likely to fund something with SFF money if they think CG will fund it. Which seems like a particularly bad outcome—though understandable with the current mechanisms.
It’s a bit confusing and not the main emphasis of Lightcone Commons, but I believe that they intend to also incorporate speculation budgets like SFF does. The proportional distribution is the main mechanism, which is what informs how the speculators get repaid.
See the section “What if a project needs funding sooner than 3 months from now”
It seems they’re less prescriptive than SFF—the default is to repay but not grow the speculator (“direct grantor”) budget?
Hmm Lightcone Commons uses some proportional distribution system I think—though I didn’t quite read it in enough detail to understand it—which would be similar in spirit but sligtly different from what I meant.
Yeah I think the “ideal design” you mention afterwards is what I had in mind here. I’ve even read SFF grantmakers (I think in Zvi’s reflection from 1-2 years ago) stating they are less likely to fund something with SFF money if they think CG will fund it. Which seems like a particularly bad outcome—though understandable with the current mechanisms.
It’s a bit confusing and not the main emphasis of Lightcone Commons, but I believe that they intend to also incorporate speculation budgets like SFF does. The proportional distribution is the main mechanism, which is what informs how the speculators get repaid.
See the section “What if a project needs funding sooner than 3 months from now”
It seems they’re less prescriptive than SFF—the default is to repay but not grow the speculator (“direct grantor”) budget?