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> One way would be to yes, keep burn low. The idea there right would be that you're asking for less money, you're lowering expectations of those giving you mone
by IanCal 9y ago
> One way would be to yes, keep burn low. The idea there right would be that you're asking for less money, you're lowering expectations of those giving you money. If someone gives you $1000 they're going to micromanage you a lot less on how that money is used versus if they give you $10,000, $100,000, etc. The other idea is that if you have less stakeholders there's also less back and forth that needs to be maintained with them.
You do have to be careful about the fixed costs for them administering the grant however. The time and effort of reviewing and approving / rejecting a $1000 request is not going to be a fraction of a percent of a much larger request. Lower perhaps but proportionally higher. And by promising much less, you might not really make it more appealing.