For more context see [1]. At first glance I felt that 100k wasn't really going to move the needle in creating a new browser engine but in fact (after reading the link below) it's not insignificant. There are a lot of contributers to this project, and funding the project lead is a big step in the right direction. Realistically another browser engine really isn't needed. 2 is enough. Given the scale of the work involve…
Two competitors in anything is too few. Look at the mess any two-party system is comparing to where there are at least three, each keeping the others in check.
A browser is a consumer product. As such the public will gravitate between two choices. 3rd place is no-where land.
Sure 3rd place can exist, but its always a distant 3rd. Trident got canned for a reason. MS phone was a good OS, but sales offered iOS and Android.
We need a stronger second option, not another option. Mozilla at least starts at parity. A new engine now is do far behind, that without Google scales of cash (which is what it took for Chrome to even join the fray) this project cannot go anywhere material.
I'm not a fan of monopolies, but all markets have a leader a follower, and a bunch of minor placings.