It might or might not be more important to use all available funding to rescue charities about to go under from losing FTX support. Some of the infrastructure I was hoping to use was being funded by the FTX Foundation and may no longer exist. If you’re a potential charitable funder interested in helping, and not already connected to this project, please email me at I don’t want any affected charities to get their hopes up, because I don’t expect this to fill more than a few percent of the hole, but maybe we can make the triage process slightly less of a disaster.ģ: I have no idea what’s going to happen with ACX Grants now. I haven’t really succeeded yet, I think because they’re all hiding under their beds gibbering - but probably they’ll have to come out eventually, if only for food and water. I’m trying to coordinate with some of the people involved. But right now is a great time to be a charitable funder: there are lots of really great charities on the verge of collapse who just need a little bit of funding to get them through.
I hope everyone involved is okay, or as okay as it’s possible to be in situations like these.Ģ: The past year has been a terrible time to be a charitable funder, since FTX ate every opportunity so quickly that everyone else had trouble finding good not-yet-funded projects. A lot of people in nonprofits are going to lose their jobs, and some people are worried they’re going to have to go into debt giving back funding that they’ve already spent (if this might be you, see here but also here ). FTX kind of went around to a bunch of charities saying “What could you do with twice as much money? With ten times as much money? Do it! We’ll give you the cash!” and then the charities did it, and now it looks like they will not get the cash. But the only category I have any special insight into are the charities that were reliant on FTX funding. My thoughts go first of all to all the depositors who lost money, and second of all to the people of the Bahamas who have reason to worry their economy will suffer. In other news:ġ: Like many of you, I’ve been following the FTX disaster. 95% of content is free, but for the remaining 5% you can subscribe here. ACX has an unofficial subreddit, Discord, and bulletin board, and in-person meetups around the world.
Post about anything you want, ask random questions, whatever.
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