Here’s our update for the last 2 weeks.
Cash reserves/£ (approx, end June-17)
Costs last month/£ (approx, end June-17)
Cash reserves divided by spending last month
Months’ runway (rough estimate based on expansion budget, including commitments to donate, end June-17)
# of salaried employees (FTE, excluding freelancers)
# of freelancers
9 (2.8 FTE)
Morale (on a scale of 1-10, full-time staff average)
(See note on dates below)
Primary growth metric
Value 10 plan changes
Month on month (using 3 month average)
Monthly compound rate
Over 1 month (end Oct-22)
Over 6 months
Over 1 year
Over 2 years
Over 3 years
Monthly growth chart - new “value 10” plan changes per month
Progress in 2 sentences
We made progress on our lead and lag targets, and expect to be on track in the last two weeks of the bout.
How you can help
We released a new landing page for our one-on-one advice. We’d be keen for feedback (would you have applied?), and we’re keen for introductions to people who might be a good fit (introduce us directly to coac...@80000hours.org, or nominate them here).
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Weekly lag targets
Value 10 plan changes
Week ending 22 Oct
Week ending 15 Oct
Week ending 8 Oct
Who were the recent plan changes?
One is a research scientist at a top AI lab who first found out about AI safety from Will, and was influenced towards working on the issues by introductions we made.
One runs an EA group at a top university. They were already convinced of AI safety, but planning to work on other issues due to comparative advantage. We pointed out in coaching that there are roles in AI policy that would be a good fit.
Lead metric scoreboard
At end of most recent period
Tier 1 coaching backlog (in weeks)
Hours spent coaching
New significant content releases running total
Released Spencer podcast; future generations; Beth Cameron podcast
New tier 1s per content release within a month
Average of Howie podcast (2), Alex GB podcast (4), Toby podcast (0), Effective nonprofits (1), Julia podcast (0), Decision making (5)
We decided to reduce our targets for the backlog from 2 weeks to 1, since we realised that having 1 week of backlog doesn’t impede the coaching workflow. We also increased the number of people in the backlog from 12 to 24 by getting referrals from local group leaders.
We decided to reduce our coaching hours target from 25h to 15h per week to allow for more time on product design and evaluation of past plan changes. It was a mistake on our part to not make a better estimate ahead of time.
We’re narrowly behind on content releases, but expect to release two new pieces next week, which would put us ahead at the end of the bout.
As mentioned last week, the number of new tier 1s per piece of content has been lower than we expected. We plan to analyse this Nov-Dec during our annual review.
Content released in last two weeks
Why to focus on future generations - a position & reference piece explaining our views on the long-term value argument.
Podcast with Beth Cameron on fighting ebola and biosecurity careers, including a big list of career options.
Podcast with Spencer Greenberg on social impact startups and psychology.
Our 20 most enduringly popular articles & promotion of many of the individual pieces
We’re thrilled to have Jess Whittlestone join as a freelancer for the next couple of months, working about 66% time from London. Jess first worked with us in the early days of 80,000 Hours, has a PhD in psychology, has written for Qz.com and worked at the Behavioural Insights Team. She recently wrote our improving institutional decision-making profile, and is currently working on content about academic research.
Other key progress
Coaching improvements - released a new landing page; thought a lot about how to appeal to the highest-value people & got feedback; and finished redrafting the application form to better filter and save time.
Accounting - Via CEA, we now have a bookkeeper in the UK, and Miranda (Head of Ops at CEA) has done a lot of work to improve our systems and bring everything up-to-date. The US figures are now up-to-date to the end of Aug, and UK accounts till the end of June, and should be finished within a month. Having timely figures hasn’t been a priority this year, since we have lots of reserves, but we would like to (and expect to) have figures that are only 1-2 months delayed in the future.
Hiring - several meetings to discuss a coaching hire and EA China.
Fixed a major website bug (which was live for several hours and made most pages unreadable) and improved monitoring to avoid a repeat.
Keep coaching and releasing content to make our targets for the bout, which ends in 1.5 weeks. Rob, Peter, Brenton, and Jess will also be at EAG London on the weekend of the 3-Nov.
Have a great week,
80,000 Hours is part of the Centre for Effective Altruism, a registered charity in England and Wales, Registered Charity Number 1149828
Centre for Effective Altruism, Oxford Uehiro Centre for Practical Ethics, Littlegate House, St Ebbes Street, Oxford OX1 1PT, UK