Hello! One point that seems important to make: “People in the space” being skeptical of a startup idea, or even being confident it’s a bad idea, is not good evidence that it’s a bad idea.
Whilst we can expect subject matter experts to be skeptical of ideas that turn out to be bad, we can also expect them to be skeptical of a lot of ideas that turn out to be good!
This is true of many extremely successful for-profit start-ups (it’s mentioned in Y-Combinator lectures a lot) and of non-profits as well, including many of CE’s most successful incubated charities. If i’m not mistaken, it’s even true of CE itself! When it’s co-founders asked experts for their advice when considering launching the Incubation Program, the majority view was that it was a bad idea. I, for one, am glad they didn’t listen! If you look around the room you’re in now, you’re almost certainly surrounded by a number of inventions that “people in the space” said were impossible or a bad idea. The job of an entrepreneur (or a researcher identifying start-up ideas for entrepreneurs) is to figure out when “people in the space” are wrong, or at least likely enough to be wrong for it to be worth trying.
So in conclusion: Track record of CE incubated charities—good indicator. Whether or not people in the space were skeptical—not a good indicator.
I think this is overly simplifying of something a lot more complex, and I’m surprised it’s a justification you use for this. Of course on some level what you’re saying is correct in many cases. But imagine you recommend a global health charity to be launched. GiveWell says “you’re misinterpreting some critical evidence, and this isn’t as impactful as you think”. Charities on the ground say “this will impact our existing work, so try doing it this other way”. You launch the intervention anyway. The founders immediately get the same feedback, including from trying the intervention, then pivot to coordinating more and aligning with external experts.
This seems much more analogous to what happens in the animal space, and it seems absolutely like a good indicator that people were skeptical. Charities aren’t for-profits, who exist in a vacuum of their own profitability. They are part of a broader ecosystem.
Hello! One point that seems important to make: “People in the space” being skeptical of a startup idea, or even being confident it’s a bad idea, is not good evidence that it’s a bad idea.
Whilst we can expect subject matter experts to be skeptical of ideas that turn out to be bad, we can also expect them to be skeptical of a lot of ideas that turn out to be good!
This is true of many extremely successful for-profit start-ups (it’s mentioned in Y-Combinator lectures a lot) and of non-profits as well, including many of CE’s most successful incubated charities. If i’m not mistaken, it’s even true of CE itself! When it’s co-founders asked experts for their advice when considering launching the Incubation Program, the majority view was that it was a bad idea. I, for one, am glad they didn’t listen! If you look around the room you’re in now, you’re almost certainly surrounded by a number of inventions that “people in the space” said were impossible or a bad idea. The job of an entrepreneur (or a researcher identifying start-up ideas for entrepreneurs) is to figure out when “people in the space” are wrong, or at least likely enough to be wrong for it to be worth trying.
So in conclusion: Track record of CE incubated charities—good indicator. Whether or not people in the space were skeptical—not a good indicator.
I think this is overly simplifying of something a lot more complex, and I’m surprised it’s a justification you use for this. Of course on some level what you’re saying is correct in many cases. But imagine you recommend a global health charity to be launched. GiveWell says “you’re misinterpreting some critical evidence, and this isn’t as impactful as you think”. Charities on the ground say “this will impact our existing work, so try doing it this other way”. You launch the intervention anyway. The founders immediately get the same feedback, including from trying the intervention, then pivot to coordinating more and aligning with external experts.
This seems much more analogous to what happens in the animal space, and it seems absolutely like a good indicator that people were skeptical. Charities aren’t for-profits, who exist in a vacuum of their own profitability. They are part of a broader ecosystem.