I mean, you can compare the performance of different grant programs against each other. But it's worth noting that Emergent Ventures is not very widely publiciz

I mean, you can compare the performance of different grant programs against each other. But it's worth noting that Emergent Ventures is not very widely publicized, even by Cowen himself. It's easier to take him at his own word - the program is so effective because the audience is self selected: > “I try to stay a bit weird and obscure enough that mostly quite smart people are writing me. If I had too many not smart emails I would feel that I was doing something else wrong with what I’m writing.” … “The rate of good applications is reasonably high. Maybe I’m lowering it just by talking about the program.”