[Link] Advice on starting a microgrant program

Very interesting! Thanks for sharing; I'd likely never have seen this otherwise.

I see that the author gave away $40,000 in total to 26 people out of four thousand applicants. The EV of creating an application was ten dollars. I don't know how in-depth that process was, but I wonder whether this kind of process risks eating up more value in time than it provides through actual funding? Should the author have tried to provide more warnings to discourage applicants who weren't likely to succeed?

(Of course, every applicant was a volunteer who chose to do this work, but I still think we sometimes undervalue the importance of "microtime", the small units of time that eat into our days when we burn them on things like paperwork.)