Substantially less money, through a combination of Meta stock falling, FTX collapsing, and general market/crypto downturns[3]...[3] Although Meta stock is back up since I first wrote this; I would be appreciative if someone could do an update on EA funding
Looking at this table, I expect the non-FTX total is about the same[1]—I’d wager that there is more funding commited now than during the first ~70% of the second wave period.[2]
I think most people have yet to grasp the extent to which markets have bounced back:
The S&P 500 Total Return Index is within 6% of its all-time high; only ever spent ~4 months above today’s value
META is −26% from ATH, but now highest since Jan ’22 and ~10 months ever above this price
Dustin’s net worth looks to be about about -$7Bn from the peak (per his preferred source). Meanwhile, GiveWell (2-3x), Founders Pledge (3x), and GWWC (1.5x) numbers all seem to be higher
Looking at this table, I expect the non-FTX total is about the same[1]—I’d wager that there is more funding commited now than during the first ~70% of the second wave period.[2]
I think most people have yet to grasp the extent to which markets have bounced back:
The S&P 500 Total Return Index is within 6% of its all-time high; only ever spent ~4 months above today’s value
META is −26% from ATH, but now highest since Jan ’22 and ~10 months ever above this price
Dustin’s net worth looks to be about about -$7Bn from the peak (per his preferred source). Meanwhile, GiveWell (2-3x), Founders Pledge (3x), and GWWC (1.5x) numbers all seem to be higher
I still think that the waves framing is useful and captures the prevailing narrative tbc
Thanks! This is helpful.