I agree that these foundations should “secure their bags” much better than FTX Future Fund did. In fact, I think the EA community should be skeptical of pledges that don’t include a substantial transfer of the funds in some way early on. When reporting how much a donor has pledged, perhaps we also ought to also note how much has actually been given. We’re apparently just learning that we shouldn’t count our chickens before they hatch, and I think we should find ways to withhold the social credit that large EA funders get until they’ve actually made good on the pledge.
I agree that these foundations should “secure their bags” much better than FTX Future Fund did. In fact, I think the EA community should be skeptical of pledges that don’t include a substantial transfer of the funds in some way early on. When reporting how much a donor has pledged, perhaps we also ought to also note how much has actually been given. We’re apparently just learning that we shouldn’t count our chickens before they hatch, and I think we should find ways to withhold the social credit that large EA funders get until they’ve actually made good on the pledge.