UPDATE 5th Nov 2019: since this post went up, we have received ~£9,500 in donations and a further ~£4000 in backdated payments from residents. Following the latter, and adjusting costs for last 6 months downward to ~£5,100/month, our runway now extends ~3 months, to the beginning of Feb. Thanks for all the support, this is a great start to our latest fundraiser. We are working on more posts in the series listed below (will link to them in the list as they are completed).
This is a quick post to say that our financial situation is looking pretty dire right now. We were going to wait until “Giving Season” starts in December to start a fresh fundraiser, but now can’t afford to do that. We have several things in the pipeline to bolster our case (charity registration, compiling more outputs, more fundraising posts detailing the case for the hotel, hiring round for the Community & Projects Manager, refining internal systems), but they may not reach fruition in time unfortunately. If you are interested in donating, now is the perfect timing for you to have a large impact on the project! Happy to answer questions in the comments (have anticipated some below).
Relatively small amounts would allow us to keep things going long enough to gain the information needed to determine whether the experiment is/was worthwhile. As it is, if the project fails down to lack of funds now, we feel that we are leaving a lot of Value of Information on the table. Our costs are ~£5,700/month (based on the last 5 months’ spending). Even 1 month of funding will allow us some breathing space to get some of the work done.
To donate, and for more info (past posts making the case for the hotel), see: eahotel.org/fundraiser.
List of proposed posts for the continuation of this series (renewed runway permitting; provisional; linked when complete):
- EA Hotel Fundraiser 6: Concrete outputs after 17 months
- EA Hotel Fundraiser 7: Pitch focusing on case studies with counterfactuals
- EA Hotel Fundraiser 8: Life at the EA Hotel, and testimonials
- EA Hotel Fundraiser 9: Estimating the relative Expected Value of the EA Hotel (Part 2)
Hey, thanks for the reply, it looks like there is a lot of interesting / useful information there. Also, it looks like you replied twice to me based on notifications, but I can only find this comment, so sorry if I missed something else.
With all due respect, I think there is a bit of a misunderstanding on your part (and others voting you up and me down).
First of all, I am interested in rigorous & evidential efforts--what one could perhaps call "scientific" in method generally; however, I am not exclusively interested in such. It is therefore not correct to label that Open_Thinker is not "interested in more speculative causes" with deep, far-reaching potential x consequences, similarly to your apparent position. The difference (e.g. with OpenAI) is that the EA Hotel is a relatively minor organization (at least based on existing budget and staffing levels) in comparison which is less likely to have much of an effective impact, compared to other organizations such as DeepMind and OpenAI (as well as academic groups) with concrete achievements and credentials--e.g. AlphaGo and Elon Musk's achievements and former involvement, respectively. This should not be underestimated, as it is a critical component; the EA Hotel has a fairly non-existent achievements list relatively it looks like, and from what I can tell by skimming ongoing activities, it may remain so (at least for the near future). It is not only I who thinks this way, as it directly explains the funding gap.
So secondarily, no, I think we do not have a fundamental disagreement vis-a-vis fundamental priorities, although certainly we do regarding implementations, details, specific methods, etc.
Actually, I am being quite on topic, because the topic of this thread specifically is about funding the EA Hotel, which has been my focus throughout. Specifically within the context of the top comment that the EA Hotel is "the best use of EA money," which I was directly responding to and questioning. It is merely me expressing my skepticism and due diligence, is that wrong? Based on a specific claim like that, where is the evidence to support it?
So just so there is clear understanding, I am really only interested here in whether or not I personally should help fund the EA Hotel, because I am willing to do so if there is convincing logic or evidence to do so. Up until this point I still do not see it; however, the EA Hotel also has the funding it needs from other sources now, so perhaps we should just leave the matter--although I am still willing to continue, although increasingly less so, as there are diminishing apparent returns for all involved, in my estimation.
However, thank you again for the response and information above, I will take some time to peruse it.