tobiaspulver comments on My Cause Selection: Michael Dickens - Effective Altruism Forum

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Comment author: tobiaspulver 21 September 2015 01:57:47AM 8 points [-]

I realized reading this that I haven't thought much about REG. It sounds like they do good things, but I'm a bit skeptical re: their ability to make good use of the marginal donation they get. I don't think a small budget, by itself, is strong evidence that they could make good use of more money. Can you talk more about what convinced you that they're a good giving opportunity on the margin? (I'm thinking out loud here, don't mean this paragraph to be a criticism.)

Thanks for bringing this up, Topher!

As Michael said, there are various things we would do if we had more funding.

1) REG’s ongoing operations need to be funded. Currently, we have around 6 months of reserves (at the current level of expenses), but ideally we would like to have 12 months. This would enable us to make use of more (sometimes unexpected) opportunities and to try things because we wouldn’t have to constantly be focused on our own funding situation.

2) We could potentially achieve (much) better results with REG by having additional people working on it. The best illustration of this is probably one person that we met (by going to poker stops) with a strong PR & marketing background who’s been working in the poker industry for 10 years now (there are not that many people with a level of expertise and network about the poker world like this person). This person woud like to work with us, but we had to decline her for the moment, even though we think that it would (clearly) be worth it to hire her. Another thing we would like to do is hiring someone to organise more charity tournaments and establish partnerships with industry leading organisations or strengthen existing ones, improve member communications and do social media. There are already several candidates who could do this, but we are hesitant to make this investment since we lack the appropriate funding.

3) Another way we would use additional funds is by working on various REG “extensions”. We are about to set up two REG expansions, but we won’t have enough resources to make the most out of even these two – and there are many more potentially really promising REG expansions that could be done. (The first of the two REG expansions that is likely going to be spread among the respective community in a few days is “DFS Charity”, a REG for Daily Fantasy Sports, an industry that is currently growing substantially and with a fair share of people with a similar (quantitative) mindset as poker players have. The preliminary website can be found at dfscharity.org – please don't share it widely yet.)

I hope this helped!