We think the EA community in Melbourne has had a significant impact, with many people either making large donations or working on EA projects full time who would not have done so otherwise. We’re evaluating this impact at around $100k / year, even considering only donations+replacement costs at EA organizations, which we expect to significantly understate the real impact.
Many of these effects seem likely to be long-lasting, and we feel comfortable extending the benefits over at least 5 years.
It is much harder to attribute these impacts to the formal EA Melbourne group, as compared to the informal community, the LW group, TLYCS, the actions of individual EA’s in Melbourne, and so on. We had a few conversations to try to get a better sense of this allocation of responsibility. In the end we certainly didn’t get a confident answer, but we got a vague intuitive feeling for the situation.
Based on this impression, we allocated 10% of the responsibility to the formal organization of EA Melbourne. Interpreted narrowly we think this is more likely to be an overestimate than an underestimate.
But we think that there are other benefits from EA Melbourne that can justify this estimate, and which will tend to be on the same scale as the direct effect. For example, the broader EA community in Melbourne clearly had a positive effect; but EA Melbourne looks like it will have a big impact building and growing a similar community in the future. And to the extent that other organized communities and the online presence of EA played a big role, it seems that EA Melbourne has made similar contributions back to the broader EA community.
Our estimates concern the impact of EA Melbourne during its first 6 months. We assumed that Brayden and Ryan were almost entirely responsible for the founding of EA Melbourne. People other than Brayden and Ryan were clearly involved with the operation of EA Melbourne over this period. Conversely, EA Melbourne continued to exist after this initial period and it seems likely that its founding will continue to have positive impacts going forward beyond those already mentioned. In the end we called this a wash.
Overall, we evaluated EA Melbourne at $70k in stimulated EA donations.
Submission: Ryan Carey and Brayden McLean’s organization of EA Melbourne during 2013, summarized here.
Our crude evaluation:
We think the EA community in Melbourne has had a significant impact, with many people either making large donations or working on EA projects full time who would not have done so otherwise. We’re evaluating this impact at around $100k / year, even considering only donations+replacement costs at EA organizations, which we expect to significantly understate the real impact.
Many of these effects seem likely to be long-lasting, and we feel comfortable extending the benefits over at least 5 years.
It is much harder to attribute these impacts to the formal EA Melbourne group, as compared to the informal community, the LW group, TLYCS, the actions of individual EA’s in Melbourne, and so on. We had a few conversations to try to get a better sense of this allocation of responsibility. In the end we certainly didn’t get a confident answer, but we got a vague intuitive feeling for the situation.
Based on this impression, we allocated 10% of the responsibility to the formal organization of EA Melbourne. Interpreted narrowly we think this is more likely to be an overestimate than an underestimate.
But we think that there are other benefits from EA Melbourne that can justify this estimate, and which will tend to be on the same scale as the direct effect. For example, the broader EA community in Melbourne clearly had a positive effect; but EA Melbourne looks like it will have a big impact building and growing a similar community in the future. And to the extent that other organized communities and the online presence of EA played a big role, it seems that EA Melbourne has made similar contributions back to the broader EA community.
Our estimates concern the impact of EA Melbourne during its first 6 months. We assumed that Brayden and Ryan were almost entirely responsible for the founding of EA Melbourne. People other than Brayden and Ryan were clearly involved with the operation of EA Melbourne over this period. Conversely, EA Melbourne continued to exist after this initial period and it seems likely that its founding will continue to have positive impacts going forward beyond those already mentioned. In the end we called this a wash.
Overall, we evaluated EA Melbourne at $70k in stimulated EA donations.
We purchased 1/70th of this in each of rounds 2 and 3 for a total of $2700. Owen Cotton-Barratt purchased 0.4% in round 3 for $200.
The original certificate was divided evenly between Brayden and Ryan.
Current holdings:
Brayden: 48.37%
Ryan: 48.37%
Impact purchase: 2.87%
Owen: 0.4%