80,000 Hours has released a review of our programmes for the years 2021 and 2022. The full document is available for the public, and we’re sharing the summary below.
You can find our previous evaluations here. We have also updated our mistakes page.
80,000 Hours delivers four programmes: website, job board, podcast, and one-on-one. We also have a marketing team that attracts users to these programmes, primarily by getting them to visit the website.
Over the past two years, three of four programmes grew their engagement 2-3x:
- Podcast listening time in 2022 was 2x higher than in 2020
- Job board vacancy clicks in 2022 were 3x higher than in 2020
- The number of one-on-one team calls in 2022 was 3x higher than in 2020
Web engagement hours fell by 20% in 2021, then grew by 38% in 2022 after we increased investment in our marketing.
From December 2020 to December 2022, the core team grew by 78% from 14 FTEs to 25 FTEs.
Ben Todd stepped down as CEO in May 2022 and was replaced by Howie Lempel.
The collapse of FTX in November 2022 caused significant disruption. As a result, Howie went on leave from 80,000 Hours to be Interim CEO of Effective Ventures Foundation (UK). Brenton Mayer took over as Interim CEO of 80,000 Hours. We are also spending substantially more time liaising with management across the Effective Ventures group, as we are a project of the group.[1]
We had previously held up Sam Bankman-Fried as a positive example of one of our highly rated career paths, a decision we now regret and feel humbled by. We are updating some aspects of our advice in light of our reflections on the FTX collapse and the lessons the wider community is learning from these events.
In 2023, we will make improving our advice a key focus of our work. As part of this, we’re aiming to hire for a senior research role.
We plan to continue growing our main four programmes and will experiment with additional projects, such as relaunching our headhunting service and creating a new, scripted podcast with a different host. We plan to grow the team by ~45% in 2023, adding an additional 11 people.
Our provisional expansion budgets for 2023 and 2024 (excluding marketing) are $10m and $15.5m.[2] We’re keen to fundraise for both years and are also interested in extending our runway — though we expect that the amount we raise in practice will be heavily affected by the funding landscape.
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The Effective Ventures group is an umbrella term for Effective Ventures Foundation (England and Wales registered charity number 1149828 and registered company number 07962181) and Effective Ventures Foundation USA, Inc. (a section 501(c)(3) tax-exempt organisation in the USA, EIN 47-1988398), two separate legal entities which work together.
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Amended March 29, 2023 to our newest provisional figures. (Previously this read $12m and $17m.)
Hi Vaidehi - I'm answering here as I was responsible for 80k’s impact evaluation until late last year.
This understanding is a little off. Instead, it’s that in 2019 we decided to switch from IASPCs to DIPYs and CBPCs.
The best place to read about the transition is the mistakes page here, and I think the best places to read detail on how these metrics work is the 2019 review for DIPYs and the 2020 review for CBPCs. (There’s a 2015 blog post on IASPCs.)
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Some more general comments on how I think about this:
A natural way to think about 80k’s impact is as a funnel which culminates in a single metric which we can relate to as a for profit does to revenue.
I haven’t been able to create a metric which is overall strong enough to make me want to rely on it like that.
The closest I’ve come is the DIPY, but it’s got major problems:
(There’s a bit more discussion on impact eval complexities in the 2019 annual review.)
So, rather than thinking in terms of a single metric to optimise, when I think about 80k’s impact and strategy I consider several sources of information and attempt to weigh each of them appropriately given their strengths and weaknesses.
The major ones are listed in the full 2022 annual review, which I’ll copy out here:
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On your specific questions: