I voted FOR this proposal on Snapshot. I think we need such initiatives to increase builder activity on Arbitrum.
My only suggestion is to not invite only early stage web3 startups, but also include more established web3 projects. A mix of new and experienced builders will provide better results, and better understanding of project needs at different stages of their business lifecycle.
The budget does not seem excesive given that there will also be in-person events at major conferences. Meeting peers and delegates in person helps develop stronger bonds and is more likely to result in collaboration between projects.