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by svnt
1029 days ago
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Probably the grants have clauses that convert them to debt or equity in case of a transition of the company. [0] The bigger math is significance_of_contribution = $size_ai_grant_program/$size_ai_vc_program (or maybe $size_ai_grant_program - $size_ai_vc_program) [ 0 https://link.springer.com/chapter/10.1007/978-3-030-72428-3_... ] |
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"We’ll support a small group of open source developers through grant funding (not an investment or SAFE note), giving them the opportunity to continue their work without the pressure to generate financial returns."
Some of the recipients of financial support have described the nature of the agreement as well.
> a16z didn't ask for any equity or any kind of quid pro quo, other than to let folks know that they provided this grant.