FTX Collapse: Lessons for EA Funding Resilience

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  "title": "FTX Collapse: Lessons for EA Funding Resilience",
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  "llmSummary": "The November 2022 collapse of FTX resulted in approximately \\$160M in committed EA grants that were not disbursed, organizational restructuring across the ecosystem, and revealed structural vulnerabilities in EA's dependence on concentrated funding sources. This retrospective extracts lessons applicable to the current situation: \\$27-76B in risk-adjusted EA capital concentrated in Anthropic. Key parallels include single-funder dependence, reputational contagion, and the danger of spending committed-but-unreceived funds. Key differences include the much larger capital magnitude, the legal structure (DAFs vs. personal pledges), and the multi-year timeline before liquidity. A central question is whether the EA ecosystem has structurally adapted since 2022 or remains exposed to analogous concentration risks.",
  "description": "Retrospective analysis of the FTX collapse's impact on EA funding and the lessons it holds for managing future capital concentration risks, particularly the Anthropic liquidity event. The collapse resulted in ~\\$160M in committed grants never disbursed and revealed structural vulnerabilities in EA's funding infrastructure.",
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      "branch": "claude/polish-ftx-ea-pages-P0n0e",
      "title": "Review and dramatically improve FTX + EA wiki pages (9 pages)",
      "summary": "Dramatically improved 9 FTX/EA wiki pages using the crux content pipeline. The lowest-quality page (ftx-collapse-ea-funding-lessons, quality 3) was expanded from ~50 lines to 415+ lines using --tier=deep adversarial review. Eight other pages were improved using --tier=standard. Also fixed pre-existing numeric ID conflicts (E851-E853 reassignment errors in concepts.yaml/responses.yaml) and EntityLink ID mismatches across 10 files (E861-E866 mapped to wrong entities). Post-improvement paranoid review found and fixed critical factual errors: SBF \"Harvard students\" → \"MIT students\", outdated sentencing claims for Ellison/Wang, wrong FTX Future Fund resignation signatories. Also fixed 11 missing footnotes ([^36] truncated, [^37]-[^46] undefined) in ftx-collapse-ea-funding-lessons.mdx.",
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      "summary": "Created diversification page (E697), added tax section to DAF Transfers (E412), created EA Funding Absorption Capacity (E695) and FTX Collapse Lessons (E696). Performed three rounds of review: (1) tax error fixes, (2) diversification page fixes, (3) cross-page consistency audit fixing broken EntityLinks, valuation inconsistencies, and missing cross-references.",
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