London GWWC group co-lead: https://www.givingwhatwecan.org/london
Organiser of the EY Effective Altruism workplace group and EA London Quarterly Review coworking sessions.
Original EA Taskmaster https://forum.effectivealtruism.org/posts/9qcnrRD3ZHSwibtBC/ea-taskmaster-game
In my day job, I'm an accountant turned product person in tax technology.
Useful post.
I think basic accounting ratios and financial analysis are quite helpful for getting a basic view on return on donations and high level valuations of charities.
This is a decent high level overview: https://www.investopedia.com/terms/f/fundamentalanalysis.asp
However, I do think this post underrates the value of assets.
Increased cost effectiveness over time usually comes from investment in quality assets (I'd include staff costs as assets - for management accounting purposes not for external financial reporting purposes).
Does AIM publish any estimates on the valuation of its IP and other intangible assets?
I think there was a conservative counterfactual estimate of the value of a founder somewhere too.
I'd say there's a decent number of highly effective charities with very valuable IP that are too leveraged on the output of very few staff members.
This makes them riskier and more exposed to shocks.
Quite frankly I'd rather they fundraised more than they needed and hired extra staff / had more in reserves for contractors than continue to run lean.
I'd say this is missing where GiveDirectly is extremely cost effective.
Their corporate and government friendly brand.
If they can turn the tide on cash-transfers being the benchmark for foreign aid (and maybe even internal government policy) then that might change the game in terms of political efficacy.
Agree with this take âŹď¸
My mental health has greatly improved since joining EA and I think that's because:
I do think there's more that could be done to develop psychological safety and remind people that their intrinsic value is separate from their instrumental value to the EA movement.
This is why I do community building work.
Idk I'm not a maximiser but I do think it's useful to have barriers to entry that require strong signals of shared values. I'm not interested in running a social club for privileged people that aren't actually contributing money and/or labour into EA causes.
I think most EAs living in rich countries should by default be working normal jobs while donating 10% and contributing to EA projects on the side. That does help calibrate with the wider world.
Hey - thanks for your reply!
I'd like to caveat that I'm not sure I got the tone quite right in my original quick take. I'm glad I put it out there, but it is very much based on vibes and is motivated by an impression that there's opportunities for stronger relationships to be built. (Mostly based on conversations with AIM folks but I don't speak for them.)
My vibes-based take looks like it might not be true. There might be more collaboration than I can see, or it might just make sense to growth separately since there are clear differences in opinion for cause prioritisation and approach to cost effectiveness. CEA also is beholden to one funder which makes it much harder to be independent from that funder's views.
To be clear I think everyone involved cares deeply, is competent and is, very reasonably, prioritising other things.
I ultimately disagree that CEA should change its name, because EA principles are important to me and I like that we are trying to do good explicitly using the framework of EA (including promoting the framework itself) rather than using a more nebulous framing. I can't speak for AIM, but it does seem like our two organizations have different goals, so in that sense it seems good that we both exist and work towards achieving our own separate goals. For example, I think (just a low confidence guess based on public info) that AIM are not interested in stewarding EA or owning improving the EA brand. CEA is interested in doing those things, and it seems good for us to have "EA" in our name in order to do those things. I think you and I both agree that the EA brand needs improving, and CEA is working on hiring for our Comms Team to have more capacity to do this work.
Agree with this - I don't think names should be changed and I don't think AIM should/wants to maintain the EA brand. I do think there should be more centralisation of comms though (especially as it seems hard to hire for) - I'm generally in favour of investing more in infrastructure and cutting costs on operating expenses where possible (see my comment here)
I think it's hard to use the linked post as evidence to support this. I counted ~4/10 of the CEA employees that responded as falling into that category, and the rest mostly donated to causes that I think you would consider more speculative (at least more than the average AIM charity). Most CEA employees decided not participate in the public post, and I'm guessing that the ones that did not are more biased towards donating to less legibly cost-effective projects. I think there is also a bit of a theme where people tended to donate to interventions with clearer returns before joining CEA, and at CEA are spending more time considering other donation options (this is broadly true for myself, for example). So there are forces that push in both directions and it's not clear to me what the net result is.
This is fair and my original take was too strong. Edited to reflect that.
I'm not sure who "they" are in this sentence.
I don't personally know the people who run AIM, but from my perspective we are collaborators on the same team.
We shouldn't be internally fighting for a bigger slide of the existing pie, we should be demonstrating value externally so we can grow the size of the pie.
As noted above, I don't speak for either group here - I'm only a volunteer.
I think fighting was too strong a word, but I don't get the impression there are strong trust-based relationships which I do think is leaving impact on the table by missing potential opportunities to cut costs in the long term by centralising infrastructure/operating expenses.
I'd say the key thing CEA is providing is infrastructure/assets rather than product/services and that tends to be the kind of thing to centralise where possible. Ie. EA forum, community health, shared resources/knowledge, distribution channels etc.
Events are closer to product/services and. AIM has done conferences in the past but they aren't open to wider groups like EAGxs.
The blocker for those orgs is probably capacity - both AIM and GWWC are <20 people, HIP is 2 people, EA UK [1] is 0.8 FTE. For me personally, I do run a lot of events but my frustration is that the barrier to entry is pretty high because of existing network effects, the fact that they do have know-how and that I basically have to do a ton of my own marketing and maintain my own mailing list to run GWWC events.[2]
We could compete but why are we doing that? This is not a zero sum game for impact, it is very positive sum. There's so much work to be done.
I agree donations and switching careers are really important! However - I think those shouldn't be the only ways.
Having your job be EA makes it difficult to be independent - livelihoods rely on this and so it makes EA as a whole less robust IMO. I like the Tour of Service model https://forum.effectivealtruism.org/posts/waeDDnaQBTCNNu7hq/ea-tours-of-service
Earning to give is not a good description for what I do because I'm not optimising across career paths for high pay for donations - more like the highest pay I can get for a 9-5.
I think of it more as "Self-funded community builder"
On cross pollination, yeah I think we agree. The self sorting between cause areas based on intuition and instinct isn't great though - it means that there are opportunities to innovate that are missed in both camps.
This is helpful and I agree with most of it. I think my take here is mostly driven by:
Yeah on reflection I think b) is too strong (virtue of this being a quick take).
My best explanation is that they don't have the management capacity to effectively scale and AIM's current comms are very EA insider coded. Very excited about them making a strong comms hire https://docs.google.com/document/d/1YbP7m187DK6CNbijnu5lHQj4JWpdQB8hR4w6tgFnVfY/edit?usp=drivesdk
I'd be curious about your unpolished thoughts if you'd like to DM me.
I personally think of it similarly to wearing my pledge pin irl. I don't use emojis to signal anything else.
Imo I'd only really push you to add it on LinkedIn: