I’m obviously missing something trivial here, but also I find it hard to buy “limited org capacity”-type explanations for GW in particular given total funding moved, how long they’ve worked, their leading role in the grantmaking ecosystem etc)
This should be very easy for you to buy! The opportunity cost of lookbacks is investigating new grants. It’s not obvious that lookbacks are the right way to spend limited research capacity. Worth remembering that GW only has around 30 researchers and makes grants in a lot of areas. And while they are a leading EA grantmaker, it’s only recently that their giving has scaled up to being a notable player in the total development ecosystem.
This should be very easy for you to buy! The opportunity cost of lookbacks is investigating new grants. It’s not obvious that lookbacks are the right way to spend limited research capacity. Worth remembering that GW only has around 30 researchers and makes grants in a lot of areas. And while they are a leading EA grantmaker, it’s only recently that their giving has scaled up to being a notable player in the total development ecosystem.