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.
I have to say that I don't find these reasons especially convincing. It might help if you clarified exactly who you were speaking for and what you mean by the short-term, i.e., days or weeks?
Legal risk. I am assuming that you are not suggesting that any of these figureheads have done anything illegal. In which case the risk here is a reputational one: they don't want their words dragged into legal proceedings. But that seems like a nebulous possibility, and legal cases like this can take years in any case. Surely you are not saying that they won't address the subject of FTX or SBF over that entire span lest a lawyer quote them? Or am I misreading you somehow?
Lack of information. I agree there's still uncertainty, but there is certainly enough information for the the movement to assess its position and to take action. SBF and an inner circle at FTX/Alameda committed a fraud whose basic contours are now well-known, even if the exact timeline, motivations and particulars are not yet filled in. As this forum proves, that raises some blindingly obvious questions about the governance, accountability and culture of the movement.
People are busy. People are always busy, and saying 'I'm too busy' generally means 'I'm choosing not to prioritise this'. It's not an explanation so much as a restatement of an unwillingness to speak.
To be clear, I am not writing this because I think the leadership should try and set out a comprehensive position on the debacle as soon as possible. I don't think that.
I think you're underestimating how messy being dragged into a court case is - even ... (read more)