80k supporter update - review of bout 3

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Benjamin Todd

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Jun 29, 2018, 3:30:29 PM6/29/18
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Hi everyone,


Here’s our update for the last 6 weeks and the end of bout 3.


Summary metrics


Financial

All figures are approximate.


Cash reserves (end May 2018)

$1,986,543

Costs last month (May 2018)

$83,436

Cash reserves divided by costs last month

24

Months’ runway (rough estimate based on expansion budget, including commitments to donate, end May 2018)

18.2



Staff


# of salaried employees (FTE, excluding freelancers)

8.0

Freelancers

8 (2.49 FTE)

Morale (on a scale of 1-10, full-time staff average)

8.3



Primary growth metric

Change in total impact-adjusted significant plan changes


Annual growth rates:


Period

Change in total IASPC

Growth in TTM compared to this period

Monthly compound rate

Last 12 months

2387.5

NA


2017

2262.2

6%

1%

2016

1180.7

102%

4%

2015

664.8

259%

5%

2014

244.7

876%

6%



Monthly growth chart - increase in IASPC per month


Annual IASPC targets



Progress in 2 sentences


We made our targets for bout 3: (1) we released 7 podcasts (2) grew subscribers ahead of target to over 9,500 (3) coached 31 people and easily exceeded our target for positive feedback. We made plenty of other progress, including pushing ahead the advanced series, office, AI policy talent survey, and information security policies, as well as attending EAG, the Leaders Forum, Founder’s Pledge and more after the bout finished.



-----------------------Full update -----------------------


Weekly targets - all made

For bout 3, ending 5 June.


Owner

Actual

Target

Difference

New content releases running total

(target 1.4/week, cumulative)

RW

7

7

0.0

New podcast subscribers

(target 8,516 cumulative; stretch 9,016)

RW

9592

8515

1,077.0

# coachees with high (6-7 rating) NPS rating

(target 2/week, cumulative)

BM + NB

18

10

8.0


Content released:



Other key progress


During bout 3 - direct impact (5 weeks)


  • Podcast - made our target to release 7 episodes, subscriber and listener growth was ahead of expectations, extremely positive feedback from fans.

  • Coached 31 people, receiving great feedback ahead of expectations and easily exceeding our targets. About 80% of people we coached said they’d recommend us.

  • Advanced series - pushed ahead 3 articles.

  • Released a survey about the AI policy talent pipeline. We learned that people are bottlenecked first by not knowing which concrete options to aim for, and second by not having the right career capital (e.g. funding for masters study). Contrary to our expectations, not wanting to move to DC didn’t seem to be a major bottleneck.

  • Launched a significant redesign of the job board.



During bout 3 - capacity building


  • New layer of 3 team leads managed by me seems to be working well.

  • Made progress on hiring for the tech team and in-person team

    • Peter McIntyre returned after leaving to work on a stealth startup. This means we’ve only lost one full-time staff member in three years.

    • Found some exciting leads and did 2 trials.

  • Roman is making great progress retraining for the tech team.

  • Wrote a mid-year review and updated large donors.

  • Office: pushed ahead with 2 top choices, and kept looking at new options.

  • Implemented new information security policies.

  • Completed GDPR compliance and G-Suite migration.



After bout 3


  • Attended EAG, where we did advising, matchmaking and a talk. Tried to establish a new group of EA “connectors” to talk to VIP contacts.

  • Attended the EA Leaders Forum, where we synced up with other orgs and did our annual talent survey - overall there was little change in the answers since last year.

  • Attended the Founder’s Pledge Conference in London, where we met several important contacts and discussed how to do philanthropic advising.

  • Attended the Foresight Institute AI Forum, CNAS Annual Conference, and Defense One Tech Summit.

  • Thought hard about whether to hire a biorisk specialist and decided to delay for now.



Some issues


  • We lost Peter McIntyre for 6 months to a stealth startup, who was co-head of advising and headhunting. He’s now likely returned, but this contributed to slower IASPC growth and slower hiring so far in 2018.

  • The podcast has mostly not been helpful for answering the key questions of the coaching team. Moreover, in general, the more engaging episodes contain less useful information. We might decide to focus the podcast more on bringing people up-to-speed rather than improving knowledge.

  • The job board redesign took ~2x longer than estimated.

  • We spent a bunch of attention on a distracting community management issue.

  • Hiring, as always, takes a lot of time. We’ve pursued several leads that didn’t go anywhere.

  • Advanced series is long and I have little time for writing, so it will be hard to publish version one before Oct.



The plan


We’ll be confirming our plans for bout 4 next week.



Have a great week,


Ben



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