1. The same work, yes, but at a much slower rate (factoring in the need to work outside jobs to support themselves; the haste consideration might also come into play), or burning runway at a faster rate than the EA Hotel is spending on them (if you take the view that conserving EA money in general is a plus, then this is a win). Regarding your point (3) as stated in the original blog post, we are open to funding people’s living expenses in other places if they are comparable to what they are for hotel guests. No one has yet taken us up on this though. And it also requires a high level of trust that people won’t just spend more money somewhere else and so therefore work for a shorter amount of time for the cost.
As you mention, the additional community benefits are likely to be considerable. Co-working out of REACH might give some of them, but is also likely to be a lot more expensive, and there isn’t that much space at REACH for people to do this. Also living together generally allows for a much greater degree of social interaction and a more close-knit supportive community.
2. This cost saving for all involved (EA Grants, EA Grantees) requires the hotel to exist though. And it won’t if it doesn’t bring in enough early stage funding to become more established. Also, it’s worth considering that fact that it’s unlikely the hotel would’ve got off the ground at all had we charged everyone from the outset.
Note that we request people who have salaries or >2 years of runway to pay cost price.
3. What project expenses are you imagining that don’t include salary? (I say this as a salary is usually spent on living costs and if living costs are provided the need for it is a lot lower). The hotel allows for the cheap granting—and purchasing—of runway for EA projects.
The EV post might look like a lot of scary maths on the face of it, but it’s really not that complicated. It’s just an attempt to explicitly factor out the different considerations that go into estimating the EV of the EA Hotel. However, I understand that gut feelings tend to dominate such estimates. It can be useful to sanity check your gut instincts by doing such an explicit calculation, but equally it’s the mathematical model that often needs adjusting (or throwing out) if it doesn’t give you an answer close to your intuitive estimate.
1. The same work, yes, but at a much slower rate (factoring in the need to work outside jobs to support themselves; the haste consideration might also come into play), or burning runway at a faster rate than the EA Hotel is spending on them (if you take the view that conserving EA money in general is a plus, then this is a win). Regarding your point (3) as stated in the original blog post, we are open to funding people’s living expenses in other places if they are comparable to what they are for hotel guests. No one has yet taken us up on this though. And it also requires a high level of trust that people won’t just spend more money somewhere else and so therefore work for a shorter amount of time for the cost.
As you mention, the additional community benefits are likely to be considerable. Co-working out of REACH might give some of them, but is also likely to be a lot more expensive, and there isn’t that much space at REACH for people to do this. Also living together generally allows for a much greater degree of social interaction and a more close-knit supportive community.
2. This cost saving for all involved (EA Grants, EA Grantees) requires the hotel to exist though. And it won’t if it doesn’t bring in enough early stage funding to become more established. Also, it’s worth considering that fact that it’s unlikely the hotel would’ve got off the ground at all had we charged everyone from the outset.
Note that we request people who have salaries or >2 years of runway to pay cost price.
3. What project expenses are you imagining that don’t include salary? (I say this as a salary is usually spent on living costs and if living costs are provided the need for it is a lot lower). The hotel allows for the cheap granting—and purchasing—of runway for EA projects.
4. See here and here for a start.
The EV post might look like a lot of scary maths on the face of it, but it’s really not that complicated. It’s just an attempt to explicitly factor out the different considerations that go into estimating the EV of the EA Hotel. However, I understand that gut feelings tend to dominate such estimates. It can be useful to sanity check your gut instincts by doing such an explicit calculation, but equally it’s the mathematical model that often needs adjusting (or throwing out) if it doesn’t give you an answer close to your intuitive estimate.