Thanks for the thoughtful post. (Cross-posting a comment I made on Nick’s recent post.)
My understanding is that people were mostly speculating on the EAF about the rejection rate for the FTX future fund’s grants and distribution of $ per grantee. What might have caused the propagation of “free-spending” EA stories:
the selection bias at EAG(X) conferences where there was a high % of grantees.
the fact that the FTX future fund did not (afaik) released their rejection rate publicly
other grants made by other orgs happening concurrently (eg. CEA)
This post helped me clarify my thoughts on this. In particular, I found this sentence useful to shed light on the rejection rate situation:
“For example, Future Fund is trying to scale up its giving rapidly, but in the recent open call it rejected over 95% of applications”
Thanks for the thoughtful post. (Cross-posting a comment I made on Nick’s recent post.)
My understanding is that people were mostly speculating on the EAF about the rejection rate for the FTX future fund’s grants and distribution of $ per grantee. What might have caused the propagation of “free-spending” EA stories:
the selection bias at EAG(X) conferences where there was a high % of grantees.
the fact that the FTX future fund did not (afaik) released their rejection rate publicly
other grants made by other orgs happening concurrently (eg. CEA)
This post helped me clarify my thoughts on this. In particular, I found this sentence useful to shed light on the rejection rate situation: