Here’s how The Midas Project could use additional funding.

Since we got rolling this Summer, with around $25,000 (and volunteer support!), we’ve:

… and as of this week, got approved as a 501c3 nonprofit in the US. This will hopefully unlock a lot more scaling for next year. Optimistically, we’d like to raise another $119,000 to get us through mid-2025. Right now, we only really have funding for the salary for the executive director (myself) and minimal programs. Extra funding would go toward, in order of importance, to:

  • Hiring a co-founder/​program director

  • Hiring a campaigner

  • Paid contracting for the website/​digital platforms (so far it’s all homemade, and I fear it shows a little)

With as little as an additional $30,000, we could hire a second full-time employee, which I think would be the biggest unlock for me (being a solo founder is a bit challenging, and I know CE/​YC/​etc. report having another full-time cofounder as critical for success).

So far, our funding has mainly come from individual donors and (soon) SFF. We’ve received feedback that this is a challenging thing for some institutional funders to support since it’s so adversarial (posing excess reputational and legal risk in particular). So small donations from individuals are particularly important for us.

I don’t think we have a strong track record of success on our key goals (actually incentivizing important changes to self-governance/​risk evaluation at leading AI companies). I think that’s because our reputation/​programs aren’t strong enough to move these billion-dollar companies yet. But since we are so new and minimally resourced, I feel like we’ve created a strong foundation. Most of the value in contributing is probably speculative, i.e. what impact we could have in 2025 and beyond as we continue to grow. But at a certain point, without signs of clear impact, we’d consider spinning down or pivoting to adjacent issues/​strategies.

If you want to discuss anything about our plans (feedback, ideas, questions, whatever) you can send me an email or book a call with me directly. Or, better yet, do so as a comment to this post so everyone can see it. And, if you’d like to contribute, you can donate to us at our website, or support us in the donation election.

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