Thanks to Sam and Nick for getting to this. I think it’s very cool that you two are taking the time to engage. In light of the high esteem that I regard both of you and the value of your time, I’ll try to close the loop of this interaction by leaving you with one main idea.
I was pointing at something different than what I think was addressed. To distill what I was saying: >> Were FTX to encounter a strong case for non-negligible harms/externalities to community health that could result from the grant making process, what would your response to that evidence be? <<
The response would likely depend on a hard-to-answer question about how FTX conceives of its responsibilities within the community given that it is now the largest funder by far.
Personally, I was hoping for a response more along the lines of “Oh, we hadn’t thought about it that way. Can you tell us more? How do you think we get more information about how this could be important?”
I was grateful for Nick’s thoughtful answer about what’s happening over there. I think we all hear what you’re saying about chosen priorities, complexity of project, and bandwidth issues. Also the future is hard to predict. I get all that and can feel how authentically you feel proud about how hard the team has been working and the great work that’s been done already. I’m sure that’s an amazing place to be.
My question marks are around how you conceive of responsibility and choose to take responsibility moving forward in light of new information about the reality on the ground. Given the resources at your disposal, I’d be inclined to view your answer within the lens of prioritization of options, rather than simply making the best of constraints.
As the largest funder in the space by far, it’s a choice to be open to discovering and uncovering risk and harms that they didn’t account for previously. It’s a choice to devote time and resources to investigate them. It’s a choice to think through how context shifts and your relationship to responsibility evolves. It’s a choice to not do all those things.
A few things that seem hard waive away:
1) 1600 −1650 (?) rejected applications from the largest and most exciting new funder with no feedback could be disruptive to community health
Live example: Established organization(s) got rejected and/or far less than asked for with no feedback. Stakeholders asked the project leaders “What does it mean that you got rejected/less than you asked for from FTX? What does that say about the impact potential of your project, quality of your project, fitness to lead it, etc.” This can cause great instability. Did FTX foresee this? Probably not, for understandable reasons. Is this the effect that FTX wants to have? Probably not. Is it FTX’s responsibility to address this? Uncertain.
2) Opaque reasoning for where large amounts of money goes and why could be disruptive to community health
3) (less certain regarding your M&E plans) Little visibility on M&E given to applicants puts them in a place of not only not knowing what is good, but also how they know they’re doing well. Also potentially disruptive
In regards to the approach moving forward for FTX, I wouldn’t be surprised if more reflection among the staff yielded more than ‘we’re trying hard + it’s complex + bandwidth issues so what do you want us to do?’ My hope with this comment is to nudge internal discussions to be more expansive and reflective. Maybe you can let me know if that happened or not. Insofar as I delivered this in a way that hopefully didn’t feel like an attack, if you feel including me in a discussion would be helpful, I’d love to be a part of it.
And finally, I’m not sure where the ‘we couldn’t possibly give feedback on 1700 applications’ response came from. I mentioned feedback, but there’s innumerable ways to construct a feedback apparatus that isn’t (what seemed to be assumed) the same level of care and complexity for each application. A quick example – ‘stratified feedback’ – FTX considers who the applicant is and gives varying levels of feedback depth depending on who they are. This could be important for established EA entities (as I mentioned above), where for various reasons, you think leaving them completely in the dark would be actively harmful for a subnetwork of stakeholders. My ideal version of this would also include promising individuals who you don’t want to discourage, but for whatever reason their application wasn’t successful.
Thanks for taking the time. I hope this is received well.
Thanks to Sam and Nick for getting to this. I think it’s very cool that you two are taking the time to engage. In light of the high esteem that I regard both of you and the value of your time, I’ll try to close the loop of this interaction by leaving you with one main idea.
I was pointing at something different than what I think was addressed. To distill what I was saying: >> Were FTX to encounter a strong case for non-negligible harms/externalities to community health that could result from the grant making process, what would your response to that evidence be? <<
The response would likely depend on a hard-to-answer question about how FTX conceives of its responsibilities within the community given that it is now the largest funder by far.
Personally, I was hoping for a response more along the lines of “Oh, we hadn’t thought about it that way. Can you tell us more? How do you think we get more information about how this could be important?”
I was grateful for Nick’s thoughtful answer about what’s happening over there. I think we all hear what you’re saying about chosen priorities, complexity of project, and bandwidth issues. Also the future is hard to predict. I get all that and can feel how authentically you feel proud about how hard the team has been working and the great work that’s been done already. I’m sure that’s an amazing place to be.
My question marks are around how you conceive of responsibility and choose to take responsibility moving forward in light of new information about the reality on the ground. Given the resources at your disposal, I’d be inclined to view your answer within the lens of prioritization of options, rather than simply making the best of constraints.
As the largest funder in the space by far, it’s a choice to be open to discovering and uncovering risk and harms that they didn’t account for previously. It’s a choice to devote time and resources to investigate them. It’s a choice to think through how context shifts and your relationship to responsibility evolves. It’s a choice to not do all those things.
A few things that seem hard waive away:
1) 1600 −1650 (?) rejected applications from the largest and most exciting new funder with no feedback could be disruptive to community health
Live example: Established organization(s) got rejected and/or far less than asked for with no feedback. Stakeholders asked the project leaders “What does it mean that you got rejected/less than you asked for from FTX? What does that say about the impact potential of your project, quality of your project, fitness to lead it, etc.” This can cause great instability. Did FTX foresee this? Probably not, for understandable reasons. Is this the effect that FTX wants to have? Probably not. Is it FTX’s responsibility to address this? Uncertain.
2) Opaque reasoning for where large amounts of money goes and why could be disruptive to community health
3) (less certain regarding your M&E plans) Little visibility on M&E given to applicants puts them in a place of not only not knowing what is good, but also how they know they’re doing well. Also potentially disruptive
In regards to the approach moving forward for FTX, I wouldn’t be surprised if more reflection among the staff yielded more than ‘we’re trying hard + it’s complex + bandwidth issues so what do you want us to do?’ My hope with this comment is to nudge internal discussions to be more expansive and reflective. Maybe you can let me know if that happened or not. Insofar as I delivered this in a way that hopefully didn’t feel like an attack, if you feel including me in a discussion would be helpful, I’d love to be a part of it.
And finally, I’m not sure where the ‘we couldn’t possibly give feedback on 1700 applications’ response came from. I mentioned feedback, but there’s innumerable ways to construct a feedback apparatus that isn’t (what seemed to be assumed) the same level of care and complexity for each application. A quick example – ‘stratified feedback’ – FTX considers who the applicant is and gives varying levels of feedback depth depending on who they are. This could be important for established EA entities (as I mentioned above), where for various reasons, you think leaving them completely in the dark would be actively harmful for a subnetwork of stakeholders. My ideal version of this would also include promising individuals who you don’t want to discourage, but for whatever reason their application wasn’t successful.
Thanks for taking the time. I hope this is received well.