Astral Codex Ten

VCs

3 min read

VCs

Article

VCs is a recurring concept in the Astral Codex Ten archive, appearing 2 times across 2 issues between November 13, 2022 and December 08, 2023. The archive places it in contexts such as “better at it than all the VCs”; “Some people who won ACX Grants last year were able to leverage the attention to attract larger grantmakers or VCs”. It most often appears alongside ACX Grants, effective altruism, 501(c).

Metadata

  • Category: Concepts
  • Mention count: 2
  • Issue count: 2
  • First seen: November 13, 2022
  • Last seen: December 08, 2023

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Open Thread 250
November 13, 2022 · Original source
7: Some people are asking whether people who accepted FTX money should have “seen the red flags” or “done more due diligence”. Sometimes this is from outsider critics of effective altruism. More often it’s been effective altruists themselves, obsessively beating themselves up over dumb things like “I met an FTX employee once and he seemed to be frowning, why didn’t I realize that this meant they were all committing fraud?!” Listen: there’s a word for the activity of figuring out which financial entities are better or worse at their business than everyone else thinks, maximizing your exposure to the good ones, and minimizing your exposure to the bad ones. That word is “finance”. If you think you’re better at it than all the VCs, billionaires, and traders who trusted FTX - and better than all the competitors and hostile media outlets who tried to attack FTX on unrelated things while missing the actual disaster lurking below the surface - then please start a company, make $10 billion, and donate it to the victims of the last group of EAs who thought they were better at finance than everyone else in the world. Otherwise, please chill.
Apply For An ACX Grant (2024)
December 08, 2023 · Original source
You will get my support, which is mostly useful in getting me to blog about your project. For example, I can put out updates or requests for help on Open Threads. I can also try to help network you with people I know. Some people who won ACX Grants last year were able to leverage the attention to attract larger grantmakers or VCs.