I broadly agree with the claims in this post in general, but am not convinced that the FTX collapse is evidence for them? I don’t think FTX could reasonably be counted as an EA org—its senior people were EAs but most employees were not, it was aggressively optimizing for making money, it was a move fast + break things (too many things...) startup. I think that even if EA had much better norms of governance, I doubt this would have affected FTX’s governance, though I agree that FTX’s governance was clearly bad.
I’m open to the argument that the Future Fund was badly governed, but that feels non obvious and hard to tell to me—it was maybe a screw up that many EA orgs took Future Fund money in a way that left them vulnerable when it was abruptly cut off, though I think this outcome was genuinely hard to see coming. And I doubt they had much say into what was going on at FTX.
I broadly agree with the claims in this post in general, but am not convinced that the FTX collapse is evidence for them? I don’t think FTX could reasonably be counted as an EA org—its senior people were EAs but most employees were not, it was aggressively optimizing for making money, it was a move fast + break things (too many things...) startup. I think that even if EA had much better norms of governance, I doubt this would have affected FTX’s governance, though I agree that FTX’s governance was clearly bad.
I’m open to the argument that the Future Fund was badly governed, but that feels non obvious and hard to tell to me—it was maybe a screw up that many EA orgs took Future Fund money in a way that left them vulnerable when it was abruptly cut off, though I think this outcome was genuinely hard to see coming. And I doubt they had much say into what was going on at FTX.