Appreciate the question. We’ve received funding from different sources like the Survival and Flourishing Fund, Future Fund, and other private donors, with Emerson Spartz donating six figures annually.
This project would not fall under the scope of what the Future Fund granted us, so we will not be using their funding for this.
This is coming directly out of our operating budget, so we're aiming to make payouts that have a higher counterfactual likelihood of impact.
Hi! Thanks for the questions.
I remember hearing that Emerson/Nonlinear invested quite a lot into crypto - presumably with the current markets, his/Nonlinear's portfolio must've taken a hit?
Yes, most crypto people have taken a hit, including Emerson. As far as I know, he has no plans to slow down his donations to Nonlinear.
Secondly, Nonlinear received a Future Fund grant: https://ftxfuturefund.org/our-grants/?_search=nonlinear Are you potentially concerned about clawbacks to the money you hand out, especially if you're dispersing small amounts to several people who could then be affected?
We’re not using Future Fund grant money for this. That being said, we are still gathering information, but based on our conversations with lawyers and distressed debt investors, we are not as concerned as some community members are about clawbacks, especially for very small grants. This may update in the future as more information comes out.
Also, will additional funders top you up, or will the money go directly to the people affected?
We have had several funders reach out to us. Still working out the details :)
I can see how you might think that, and thanks for sharing your thoughts.
My opinion is that the presumption of innocence is not just a legal principle, it is a foundational principle of most justice systems because one accusation can forever ruin someone’s reputation whether or not they are proven innocent in the future.
Accusations can draw a lot of attention, but retractions receive far less attention.
I believe it’s very important to be careful damaging someone’s reputation before hearing both sides because it’s really hard to repair it.
Additionally, it’s much harder to prove accusations wrong than it is to anonymously make them in the first place, so most cultures have immune reactions against anonymous accusations.
It’s also just bad epistemics to only hear one side. Every side always thinks they’re in the right, so if you only hear one side, it’s practically impossible to have good epistemics.
We aim to send it out to funders within the next 48 hours.