How about funding larger ideas and helping build teams?
There are lots of ideas that just can't be approached sensibly with $15K over the summer. And, frankly, you might be missing out on founders that are not 22 years-olds and who cannot live on noodles for the summer.
There are probably tons of really smart people out there in their 30's, 40's and beyond that have a solid foundation of experience to offer. They may not have a bunch of 20-something college buddies available to them to live on noodles and soft drinks over the summer either.
Your approach pretty much excludes this entire ecosystem of candidates and ideas. Maybe this simply isn't your model, and that's OK.
There are lots of ideas that just can't be approached sensibly with $15K over the summer. And, frankly, you might be missing out on founders that are not 22 years-olds and who cannot live on noodles for the summer.
There are probably tons of really smart people out there in their 30's, 40's and beyond that have a solid foundation of experience to offer. They may not have a bunch of 20-something college buddies available to them to live on noodles and soft drinks over the summer either.
Your approach pretty much excludes this entire ecosystem of candidates and ideas. Maybe this simply isn't your model, and that's OK.