Something to Consider • 99 implied HN points • 11 Jul 24
- Effective Altruism should prioritize recruiting wealthy individuals because a big donation can have a much larger impact than many small ones. It's more beneficial to convince one billionaire to give a large amount than to have thousands give small amounts.
- The reputation issues from past events, like the collapse of Sam Bankman-Fried's companies, shouldn't discourage efforts to recruit wealthy donors. The potential benefits of their donations greatly outweigh these concerns.
- Investing resources in programs that can attract wealthy individuals is seen as a very cost-effective strategy for Effective Altruism, as the benefits can be significantly greater.