I wanted to share this update from Good Ventures (Cari and Dustin’s philanthropy), which seems relevant to the EA community.
Tl;dr: “while we generally plan to continue increasing our grantmaking in our existing focus areas via our partner Open Philanthropy, we have decided to exit a handful of sub-causes (amounting to less than 5% of our annual grantmaking), and we are no longer planning to expand into new causes in the near term by default.”
A few follow-ups on this from an Open Phil perspective:
- I want to apologize to directly affected grantees (who've already been notified) for the negative surprise here, and for our part in not better anticipating it.
- While this represents a real update, we remain deeply aligned with Good Ventures (they’re expecting to continue to increase giving via OP over time), and grateful for how many of the diverse funding opportunities we’ve recommended that they’ve been willing to tackle.
- An example of a new potential focus area that OP staff had been interested in exploring that Good Ventures is not planning to fund is research on the potential moral patienthood of digital minds. If any readers are interested in funding opportunities in that space, please reach out.
- Good Ventures has told us they don’t plan to exit any overall focus areas in the near term. But this update is an important reminder that such a high degree of reliance on one funder (especially on the GCR side) represents a structural risk. I think it’s important to diversify funding in many of the fields Good Ventures currently funds, and that doing so could make the funding base more stable both directly (by diversifying funding sources) and indirectly (by lowering the time and energy costs to Good Ventures from being such a disproportionately large funder).
- Another implication of these changes is that going forward, OP will have a higher bar for recommending grants that could draw on limited Good Ventures bandwidth, and so our program staff will face more constraints in terms of what they’re able to fund. We always knew we weren’t funding every worthy thing out there, but that will be even more true going forward. Accordingly, we expect marginal opportunities for other funders to look stronger going forward.
- Historically, OP has been focused on finding enough outstanding giving opportunities to hit Good Ventures’ spending targets, with a long-term vision that once we had hit those targets, we’d expand our work to support other donors seeking to maximize their impact. We’d already gotten a lot closer to GV’s spending targets over the last couple of years, but this update has accelerated our timeline for investing more in partnerships and advising other philanthropists. If you’re interested, please consider applying or referring candidates to lead our new partnerships function. And if you happen to be a philanthropist looking for advice on how to invest >$1M/year in new cause areas, please get in touch.
I want to express a few things.
First, empathy, for:
Second, a little local disappointment in OP. At some point in the past it seemed to me like OP was trying pretty hard to be very straightforward and honest. I no longer get that vibe from OP's public comms; they seem more like they're being carefully crafted for something like looking-good or being-defensible while only saying true things. Of course I don’t know all the constraints they’re under so I can’t be sure this is a mistake. But I personally feel a bit sad about it — I think it makes it harder for people to make useful updates from things OP says, which is awkward because I think a bunch of people kind of look to OP for leadership. I don’t think anything is crucially wrong here, but I’m worried about people missing the upside from franker communication, and I wanted to mention it publicly so others could express (dis)agreement and make it easier for everyone to get a sense of the temperature of the room. (I also get this vibe a little from the GV statement, especially in not discussing which areas they’re dropping, but it doesn’t matter so much since people less look to them for leadership; and I don't get this vibe from Dustin's comments on this thread, which seem to me to be straightforward and helpful.)
Third, some optimism. When I first heard this news I felt like things were somehow going wrong. Having read Dustin’s elaborations I more feel like this is a step towards things working as they should[1]. Over the last few years I’ve deepened my belief in the value of doing things properly. And it feels proper for things to be supported by people who wholeheartedly believe in the things (and if PR or other tangles make people feel it’s headachey to support an area, that can be a legitimate impediment to wholeheartedness). I think that if GV retreats from funding some areas, the best things there are likely to attract funding from people who more believe in them, and that feels healthy and good. (I also have some nervousness that some great projects will get hurt in the process of shaking things out; I don’t really have a view on Habryka’s claim that the implementation is bad.)
Fourth, a sense that perhaps there was a better path here? (This is very speculative.) It seems like a decent part of what Dustin is saying is that each different funding area brings additional bandwidth costs for the funder (e.g. necessity to think about the shape of the field being crafted; and about possible missteps that warrant funder responses). That makes sense. But then the puzzle is: given that so much of funding work is successfully outsourced to OP, why is it not working to outsource these costs too? If I imagine myself in Cari and Dustin’s shoes, and query my internal sense of why that doesn’t work, I get:
That might be off, but it is sparking thoughts about the puzzle of wanting people to take ownership of things without being controlling, and how to get that. From a distance, it seems like there’s some good chance there might have been a relationship GV and OP could have settled into that they’d have been mutually happier with than the status quo (maybe via OP investing more in trying to be good agents of Cari and Dustin, and less backing their own views about what’s good?); although navigating to anything like that seems delicate, so even if I’m right I’m not trying to ascribe blame here.
Fifth, thoughts on implications for other donors:
That is, given what I understand of Cari and Dustin’s views, it seems proper for them not to support these things. I’m not here taking a view on which parts of the object level they’re correct on.
I've long taken for granted that I am not going to live in integrity with your values and the actions you think are best for the world. I'm only trying to get back into integrity with my own.
OP is not an abstraction, of course, and I hope you continue talking to the individuals you know and have known there.