Good god I certainly hope any practices at FTX are not common at other EA orgs.
FTX seems to have been a trash fire in many different respects at once, but the above sentence seems super hyperbolic (you hope zero practices at FTX are common at EA orgs??), and I don’t know what the non-hyperbolic version of it in your mind is.
I’m somewhat wary of revisionist history to make it sound like FTX was more wildly disjoint from EA culture or social networks than it in fact was, at least in the absence of concrete details about what it was actually like to work there.
Yes, my statement was intentionally hyperbolic. I definitely did not mean to say that there are absolutely zero practices at FTX that I like, nor did I mean to suggest that FTX is disjoint from EA culture (though I know so little about what FTX was like or what EA culture is like outside of RP that it is hard for me to say).
The base rate I have in mind is that FTX had access to a gusher of easy money, run by young energetic people with minimal oversight and a limited usage of formalized hiring systems. That produced a situation where top management’s opinion was the critical factor in who got promoted or hired into influential positions. The more that other EA organizations resemble FTX, the stronger I would think this.
I suspect “easy money” is an important risk factor for “top management’s opinion [is] the critical factor in who got promoted or hired into influential positions” but it certainly doesn’t have to be the case!
Good god I certainly hope any
practices(EDIT: meaning specifically the obvious trash fire practices) at FTX are not common at other EA orgs.To be clear, I only really know how Rethink Priorities operates and I have minimal insight into the operations of other groups.
FTX seems to have been a trash fire in many different respects at once, but the above sentence seems super hyperbolic (you hope zero practices at FTX are common at EA orgs??), and I don’t know what the non-hyperbolic version of it in your mind is.
I’m somewhat wary of revisionist history to make it sound like FTX was more wildly disjoint from EA culture or social networks than it in fact was, at least in the absence of concrete details about what it was actually like to work there.
Yes, my statement was intentionally hyperbolic. I definitely did not mean to say that there are absolutely zero practices at FTX that I like, nor did I mean to suggest that FTX is disjoint from EA culture (though I know so little about what FTX was like or what EA culture is like outside of RP that it is hard for me to say).
The base rate I have in mind is that FTX had access to a gusher of easy money, run by young energetic people with minimal oversight and a limited usage of formalized hiring systems. That produced a situation where top management’s opinion was the critical factor in who got promoted or hired into influential positions. The more that other EA organizations resemble FTX, the stronger I would think this.
I suspect “easy money” is an important risk factor for “top management’s opinion [is] the critical factor in who got promoted or hired into influential positions” but it certainly doesn’t have to be the case!
do you mean ftx the exchange or ftx the future fund?