I’ve actually done this and it worked incredibly well, so I’m not persuaded by your vague doubts that it’s possible. If you insist on using “opinion of established organizations” as your yard stick then I’ll add that a strong majority of the people I supported would later go on to get big grants and contracts from well-respected organizations, always after years of polishing and legibilizing the projects which I’d supported in their infancy.
Certainly it wouldn’t work for the median person on Earth. But “LW reader who’s friends with a bunch of self-starting autodidacts and has enough gumption to actually write a check” is not the median person on Earth, and people selected that hard will often know some pretty impressive people.
I’ve actually done this and it worked incredibly well, so I’m not persuaded by your vague doubts that it’s possible. If you insist on using “opinion of established organizations” as your yard stick then I’ll add that a strong majority of the people I supported would later go on to get big grants and contracts from well-respected organizations, always after years of polishing and legibilizing the projects which I’d supported in their infancy.
Certainly it wouldn’t work for the median person on Earth. But “LW reader who’s friends with a bunch of self-starting autodidacts and has enough gumption to actually write a check” is not the median person on Earth, and people selected that hard will often know some pretty impressive people.