Assuming this becomes very successful, what effect will this have on new non-profits if most people adopt this approach? Will it make it difficult for them to raise funds?
Thanks! Ideally this makes it significantly easier for effective non-profits to raise money. We're not locking in the set of organizations we fund. Being flexible about which cause you support at any given time, given the available facts is a core part of effective altruism.
We're especially excited about funding new nonprofits that seem like they're going to be able to have a big impact, because at the moment they can spend north of 30-40% of their time fundraising (which, especially when they're new, would be time better spent on validating their programs and scaling up).
We're especially excited about funding new nonprofits that seem like they're going to be able to have a big impact, because at the moment they can spend north of 30-40% of their time fundraising (which, especially when they're new, would be time better spent on validating their programs and scaling up).