From the blog on the Fast Grants program they did earlier- "57% of respondents told us that they spend more than one quarter of their time on grant applications

From the blog on the Fast Grants program they did earlier- "57% of respondents told us that they spend more than one quarter of their time on grant applications." Also, "According to the NIH, a grant application will typically result in a decision after something between 200 and 600 days." The whole post is worth reading in light of this new announcement. https://future.a16z.com/what-we-learned-doing-fast-grants/ https://future.a16z.com/what-we-learned-doing-fast-grants/