Today I received a rejection email from Oliver Hybryka on behalf of Lightspeed Grants. It says Lightspeed Grants received 600 applicants, ~$150M in default funding requests, and ~$350M in maximum funding requests. Since the original amount to be distributed was $5M, only ~3% of applications could be funded.
I knew they received more applicants than they could fund but I’m surprised by how much was requested and how large the gap was.
Today I received a rejection email from Oliver Hybryka on behalf of Lightspeed Grants. It says Lightspeed Grants received 600 applicants, ~$150M in default funding requests, and ~$350M in maximum funding requests. Since the original amount to be distributed was $5M, only ~3% of applications could be funded.
I knew they received more applicants than they could fund but I’m surprised by how much was requested and how large the gap was.