[throwawaygh]

> Also, in science there are federal grants, such as SBIR, which can be for even more (1M), are non-dilutive, and are very gettable.

Yeah, this was my initial reaction: but tech transfer $$ is stupid easy to get, especially as a follow-up to a previously funded grant.... who's the market?

Not that I really care, since it's not my money and I'm far from an expert on such things, but "SBIRs and University innovation offices with preferential terms get all the good ideas and leave us with the bottom barrel shit" seems like a pretty big source of risk for this fellowship :/

I'm guessing the network provided by this program is way more effective than what you'd get from a typical university's innovation/tech transfer office, so maybe I'm wrong. But in some sense my evaluation of this program would be that I'm trading a decent sized chunk of the company for access to investors and advisors. Which, I guess, isn't necessarily a bad trade. But I figure this is how most people with access to grant money will think about it.