I. What’s Going On

We got 351 proposals for ACX Grants, but were only able to fund 34 of them. I’m not a professional grant evaluator and can’t guarantee there aren’t some jewels hidden among the remaining 317.

The plan has always been to run an impact market - a site where investors crowdfund some of the remaining grant proposals. If the project goes well, then philanthropists who missed it the first time (eg me) will pay the investors for funding it, potentially earning them a big profit. In our last impact market test, some people (okay, one person) managed to get 25x their initial investment by funding a charity which did really well.

So in my ideal world, we’d be running an impact market where you could invest your money in the remaining 317 proposals and make a profit if they did well. We’ve encountered two flaws on the way to that ideal world:

https://www.astralcodexten.com/p/acx-grants-followup-impact-market