- For Creators:
- Go to Manifold’s impact market site, Manifund, who have kindly agreed to handle the technology side of this.
- Explain your project and how much funding you’re asking for ($20,000 or less, and preferably $5,000 or less).
- Choose to keep your shares or sell them to investors. Selling may have tax implications.
- Talk to potential investors and answer their questions.
- Do as much of the project as you can before September 1 (our oracular funding will only consider the portion completed before that date).
- For Us:
- On September 1, we’ll look at all of the projects that got funded and try to value all of them.
- We’ll try to buy impact certificates of the projects they value most ($20,000 cap, or 3x total invested).
- We reserve the right to not buy impact certificates up to our full commitment if we think people are munchkinning the rules.
- For Accredited Investors:
- Register on Manifund as an accredited investor (net worth > $1 million, or have made $200,000+ per year for the past two years).
- Bid on shares of any project you like.
- IPOs close on March 8th, but you can keep buying and selling impact certificates among one another up to (and during, and after) the September 1 deadline.
- If this project doesn’t work for some unexpected reason, we’ll refund up to $20,000.
- For Other People Who Might Be Interested In Funding Forecasting:
- Let me know at scott@slatestarcodex.com to add to our $20,000 commitment.
- Compete with us to buy impact certificates, either before, on, or after September 1.
- FAQ:
- See the FAQ answers below.
Published February 24, 2023
Visit Astral Codex Ten to read Scott Alexander’s original post Announcing Forecasting Impact Mini-Grants
