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.)
Great work - excited to see so much growth across the podcast, one-on-one service & job board! I'm curious about web engagement though.
This implies that engagement hours rose by ~10% in 2022 compared to 2020. This is less than I would have expected given the marketing budget rose from $120k in 2021 to $2.65m in 2022. I'm assuming it was also ~$120k in 2020 (but this might not be true). Even if we exclude the free book giveaway (~£1m), there seems to have been a ~10x increase in marketing here that translated to a 10-40% rise in engagement hours (depending whether you count from 2020 or 2021).
See quote from this recent post for context on marketing spend:
I can think of a bunch of reasons why this might be the case. For example:
See screenshot from the full report for extra context on engagement hours, unique visitors & subscribers:
Again, great work overall. I'd be really curious to hear any quick thoughts anyone from 80k has on this?
Hey! Arden here, also from 80,000 Hours. I think I can add a few things here on top of what Bella said, speaking more to the web content side of the question:
(These are additional to the 'there's a headwind on engagement time' part of Bella's answer above – though they less important I think compared to the points Bella already mentioned about a 'covid spike' in engagement time in 2020 and marketing not getting going strong until the latter half of 2022 .)
The career guide (https://80000hours.org/career-guide/) was very popular. In 2019 we deprioritised