[Applications are now closed. Please apply to Open Phil or SFF or other funders]
Like most of you, we at Nonlinear are horrified and saddened by recent events concerning FTX.
Some of you counting on Future Fund grants are suddenly finding yourselves facing an existential financial crisis, so, inspired by the Covid Fast Grants program, we’re trying something similar for EA. If you are a Future Fund grantee and <$10,000 of bridge funding would be of substantial help to you, fill out this short form (<10 mins) and we’ll get back to you ASAP.
We have a small budget, so if you’re a funder and would like to help, please reach out: katwoods@nonlinear.org
[Edit: This funding will be coming from non-FTX funds, our own personal money, or the personal money of the earning-to-givers who've stepped up to help. Of note, we are undecided about the ethics and legalities of spending Future Fund money, but that is not relevant for this fund, since it will be coming from non-FTX sources.]
Hi! Just a few questions:
I remember hearing that Emerson/Nonlinear invested quite a lot into crypto - presumably with the current markets, his/Nonlinear's portfolio must've taken a hit?
Secondly, Nonlinear received a Future Fund grant: https://ftxfuturefund.org/our-grants/?_search=nonlinear
Are you potentially concerned about clawbacks to the money you hand out, especially if you're dispersing small amounts to several people who could then be affected?
Also, will additional funders top you up, or will the money go directly to the people affected?
If funders top you up, would that potentially commingle FTX money with non-FTX funders' money?
True, but fraudulent conveyance claims plausibly extend further than 90 days. As Molly says in the same article, "It is way too early to tell whether and how fraudulent conveyance claims might be used in the FTX bankruptcy proceeding..."