For this Lightspeed Grants round we received ~600 requests for funding, totaling around $150M in total default-request size and $350M in maximum request size (following a somewhat heavy-tailed but not extremely heavy-tailed distribution).
When I evaluated these grants, I felt like I identified around $15M-$20M in grants that I would have made at the bar that I’ve historically had for previous SFF rounds and LTFF grants. My guess is if I had spent more time, I could have probably identified another $5M-$10M of funding opportunities of that quality.
My guess is we will distribute between $5M and $10M this round, meaning we will only fund a quite small fraction of grants that I think are worth funding.
(An earlier update from you about Lightspeed’s status is what solidified the thought of “it sure would be nice if this was a widely available thing,” so thanks for that too!)
For this Lightspeed Grants round we received ~600 requests for funding, totaling around $150M in total default-request size and $350M in maximum request size (following a somewhat heavy-tailed but not extremely heavy-tailed distribution).
When I evaluated these grants, I felt like I identified around $15M-$20M in grants that I would have made at the bar that I’ve historically had for previous SFF rounds and LTFF grants. My guess is if I had spent more time, I could have probably identified another $5M-$10M of funding opportunities of that quality.
My guess is we will distribute between $5M and $10M this round, meaning we will only fund a quite small fraction of grants that I think are worth funding.
Thanks!
(An earlier update from you about Lightspeed’s status is what solidified the thought of “it sure would be nice if this was a widely available thing,” so thanks for that too!)