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Joined 4 months ago
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Cake day: August 23rd, 2025

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  • It appears that MIRI had an inflection point in 2019 when they grew from a $3.6m / yr organization to a $6 million / yr. In 2021 they received $25 million in donations and they have been burning that ever since. They received $15.6m in crypto from one anonymous donor and $4.4m in crypto from Vitalik Buterin of Etherium in 2021. Since then they report $1.6m to $1.9m / year of donations, and their December 2025 fundraiser aimed at $6 million and has reached $1.2 million (half of that a match from Survival and Flourishing Fund ie. probably another tech exec or crypto gambler). So MIRI depends on a few rich donors and could not survive in its present form from ordinary rationalists chipping in.

    MIRI and Lightcone have unusual calls for donations at the same time. That seems like poor coordination but operations are not our friends’ strength.

    Their executive compensation exploded from $1.3m to $3.1m in 2024. Their other activities were giving out $280k in grants and spending $34k on a conference. What are they doing with all that money? You don’t need $3.1m to write a trade book and get on some podcasts. And they plan to spend faster next year:

    Going into 2026, our budget projections have a median of $8M, assuming some growth and large projects, with large error bars from uncertainty about the amount of growth and projects. On the upper end of our projections, our expenses would hit upwards of $10M/yr.