“If we fundraise less than $1.4M (or at least fail to get reasonably high confidence commitments that we will get more money before we run out of funds), I expect we will shut down”
It seems really strange to have the first goal at $1 million and the second at $2 million when these don’t directly correspond to milestones.
Then again, maybe you’ve got strategic reasons for this.
“The content of the existing ARENA notebooks could be a prerequisite for the new program”
I don’t think this would work very well. If you were super disciplined and you took one day every two weeks to work through one notework, you’d spend most of a year just to qualify for the program.
Also, shifting Arena to focus on research sprints would, in a sense, reduce the diversity of the field in that most other programs focus more on research than developing ML skills. If one program were to shift to doing research spints, I suspect it’d actually be better for a program that already focuses on research to do that.