Fixed not rolling application rounds.
Fund raising rounds tied to application rounds. So on day 1 you open applications and donations for that round. On day 90 you close applications and donation. You now have a fixed budget and a fixed pool of applications. No need to reject incase we get a better application next week. No need to delay an acceptance while hoping to get more funding next week.
Fixed due date for decisions. This date should be embarrassingly achievable.
At the end of the round we update all applicants and donors of the $$$ in applications and only $ funded projects. Somewhere between these two numbers is the funding gap.
Rejected applicants now know they were rejected because of funding shortage and become donors or fundraisers themselves.
Applicants only need to be ranked relative to each other not against a funding bar.
If I were to run an AI Safety Fund
Fixed not rolling application rounds. Fund raising rounds tied to application rounds. So on day 1 you open applications and donations for that round. On day 90 you close applications and donation. You now have a fixed budget and a fixed pool of applications. No need to reject incase we get a better application next week. No need to delay an acceptance while hoping to get more funding next week. Fixed due date for decisions. This date should be embarrassingly achievable. At the end of the round we update all applicants and donors of the $$$ in applications and only $ funded projects. Somewhere between these two numbers is the funding gap. Rejected applicants now know they were rejected because of funding shortage and become donors or fundraisers themselves.
Applicants only need to be ranked relative to each other not against a funding bar.