Hi everyone — I wanted to update you about the sorts of communication you’ll expect to hear from EA organisations and their leaders, and why this will probably be an intensely frustrating situation for all involved. For those that don’t know, I’m head of communications at CEA, and am working on Effective Ventures’ response to the current situation.
In particular, I expect that in the short term you’ll get a lot less communication about things than you’d want. This is for a few reasons:
- Legal risk. It’s likely that there will be extensive legal proceedings around FTX that will drag on for a very long time. This means that anything that is said by anyone who is even tangentially involved is at risk of being scrutinised and multiply interpreted by dozens of people, including people whose role (rightly) is to advocate for their clients or those they represent.
- Lack of information. Everything has happened very quickly, and everyone is still trying to gather facts and figure out what’s going on. We don’t even fully know what we don’t know. So we’re figuring out things as we go, and don’t want to share information that might later turn out to be inaccurate.
- This is compounded by the fact that everyone is incredibly busy and dealing with a ton of different things (legal, financial, operational, management) all at once.
This sucks. I really want to be saying everything on my mind right now, and I would love for other people at EA orgs to do the same. I also want to try to make sure people don’t say things they’ll regret in the years to come. But these are hard tradeoffs, and I’m not sure we’ll always get them right.
Speaking very much only for myself personally here
At first I was upset that CEA / EV / etc. didn't have a good statement yet. Then I tried thinking of my own statement. And it took awhile to feel like I knew all the relevant facts. Then awhile to draft something good. And then everyone needed to review it - board members, leadership, staff, lawyers, etc. And then when anyone wanted something changed or we learned a key fact was wrong, etc., everything needed to get re-reviewed. It takes a long time to write something that's meaningful and also feels like everyone is represented. And this must be even harder given Effective Ventures (EV) is made up of many different groups. So I have a lot of empathy here.
To be clear, I don't actually have anything awesome to say about the situation as I was not a part of it and I don't have any information that isn't public. But I do have enough experience to have sympathy with slow public statements.
I... Do think I don't want public statements. I would like public conversations, and indeed a process of slow internal drafting and honing feels more likely to harm in this case, than to help.
I think the big statements and official takes should take many weeks. The situation is confusing, and I don't think we know what lessons to take away from this, and I desperately don't want us to rush out what lessons we are supposed to learn from this.
But what I want in the meantime is presence. Sharing info so that people are better placed to form their own takes. T... (read more)