Could it be beneficial to work with lawyers independent of the Effective Altruism movement, if this would give them more objectivity and independence from conflicts of interest / valuation of particular ideas?
Tom Henry
Decentralization is one thing, and transparency is another. You mentioned:
I happen to be an extremely and obsessively privacy-oriented person (the type that always uses pseudonyms online) so I’m not really keen on putting my name and private details out here in public just yet—but this is not a burner account, it’s my main and only EA forum account, just bearing a pseudonym. My intention is to fully “dox” myself to people who join the DAO. To them I will reveal my face and all my important personal details and even go through transparent KYC procedures if necessary.
It’s fine to be concerned about privacy. But if someone wants to start or lead anything that involves $1 billion, it’s reasonable to expect that people will know who they are, what their experience levels are, what their track record is, etc. – and be able to verify these things for themselves. If you don’t want to do that, fair enough, but in that case, don’t start this yourself, persuade someone else who is prepared to be public to start this themselves.
PS—you mentioned you wanted to raise your own funds as well—is this for this idea?
If so—I think the idea is interesting, but I agree with some of the commenters there who pointed out that:
existing Q&A setups can be adapted for new websites so it is not necessary to build something from scratch
existing websites and the current forum can be used to address issues
it is difficult to justify a new platform in light of the community costs in setting up a new one
it is important to try simple prototypes first to gauge interest.
The idea you are proposing in this post is different, but you would need to explain why the funding model should change. Just because getting funding is hard does not mean it should be easy! For example, for the project above, there seem to be good reasons why it would not be funded, even though it is an interesting idea.
Reasons I’m suspicious of this:
No clarity about:
identity of the author
identities of the team
No evidence that the author/team have the expertise to:
set up this community
responsibly manage the funds
In general where large amounts of money are involved, it is better to work with well-established systems and people, as this is lower-risk in terms of “unknown unknowns” etc.
While I’m not persuaded this is a scam, the problem is that even well-intentioned ideas can go wrong if the people leading them don’t have the expertise to do so.
I have personally influenced decisions involving billions of dollars before, and despite this, I don’t think I would have anywhere near the expertise to lead this kind of organization. I certainly would not want to call it “my idea”—I would want to get a team of financial experts involved, so that it would truly be “our idea.”
First, it’s important to consider what you really want to do. How much time do you have to explore different options and how much risk are you willing to take? It’s also important to think about whether you need a stable income.
One resource that may be helpful is the 80,000 Hours career guide. It covers key ideas such as problem selection, contribution, personal fit, and career capital. You can find more information here: https://80000hours.org/key-ideas/ and https://80000hours.org/career-guide/job-satisfaction/.
Another thing to think about is Cal Newport’s idea of “Lifestyle-Centric Career Planning.” This involves determining the lifestyle you want and then working backwards to see how you can get there. Consider factors like your schedule, job intensity and prestige, social life, and work/leisure balance. And when you’re looking at career opportunities, choose ones that align with your desired lifestyle instead of just going for the most prestigious or financially lucrative options. You can read more about this approach here: https://www.calnewport.com/blog/2008/05/21/the-most-important-piece-of-career-advice-you-probably-never-heard/.
(For example: If social interaction is important for you, don’t pursue a job that involves working in isolation unless you have to. [This also goes for graduate studies.] If your idea of an ideal week is one with lots of meetings with people, coordinating and managing people and events, etc., then pursue a job with that instead. You might be interested in operations, e.g. https://80000hours.org/articles/operations-management/ )
It’s also important to remember that your past academic history and current career situation don’t define you. It sounds like you might be telling yourself some negative things, like “I barely escaped college with a 2.95 GPA” or “I probably should not have done engineering.” But there are plenty of things you can do. It’s usually not helpful to try to prove to yourself (or other people) that you’re smart or capable, because it can lead to a focus on external validation rather than on impact and personal growth. This creates unnecessary stress and makes it harder to make good decisions. Sometimes people pursue graduate studies to do that, and it rarely turns out well.
If you are interested in a career direction, talk to people who are already working in that area. Set up brief calls with them and ask them about their day-to-day work. If the work and the people are compelling to you, then consider doing graduate studies if they are a prerequisite for that career direction.