Puri: Milk Road distributed ~$36k in ETH micro-grants from ad revenue
Shaan Puri · Building A 100+ Year Legacy + Peter Thiel’s Fellowship + Bomb Hiring Questions · Aug 28, 2024 · at 18:02
Shaan Puri discusses experimental micro-grant models he tested while building crypto newsletter Milk Road.
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“So we created a grant called the milk money grant. And we're like, this is not enough to get rich, but it's a little bit of milk money, right? It's enough where you can justify spending like two or three months on a project. And it was one ETH, which at the time was like maybe two or three grand. And so we had, I think over like 2000 submissions and we said you could build whatever you want. It's some use case or application of crypto. And there was like, so we ended up picking 10 or 12 people. So we gave away probably what is that? Like, you know, 36 grand. And we just use our, like, ad revenue money to, like, pay that out.”
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