I have another question, regarding Let’s Fund’s strategy: although you said you will still be doing fundraising in the near future, you mentioned wanting to move more towards a think tank.
Does this mean you’re considering fading out the fundraising aspect of your work? If so: why do you think this is a better trajectory for Let’s Fund? Would the research still be funding-oriented, or more similar to the Randomista article?
If not, is it because of uncertainties around what the best giving opportunities may be? Or something completely different?
That’s a great question.
Does this mean you’re considering fading out the fundraising aspect of your work?
I’m currently deprioritizing the fundraising, and eventually, it’s very likely that it’ll be faded out. And the research wouldn’t be funding oriented anymore either and less applied—not unlike the piece on growth.
There are many reasons- I want to write more about the role of philanthropy in EA in the future.
In brief, the crucial consideration is that multiobjective optimization is generally less effective than single objective optimization and the current model tries to optimize for both money moved and doing research. But if you want to optimize for money moved, then you need to focus on high networth philanthropy, which is way more effective, because of wealth inequality. That’s why I think it’s best to focus on research.
That sounds really interesting—are there any topics on philanthropy and EA you are planning to write you could share at this stage?