Effective Altruism: An Introduction – 80,000 Hours (April 2021)

One: Holden Karnofsky on times philanthropy transformed the world & Open Phil's plan to do the same

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Apr 12, 2021
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ANECDOTE

Why GiveWell Was Founded

  • Holden Karnofsky recounts how he and Elie Hassenfeld left hedge funds to found GiveWell because existing charity ratings failed them.
  • They built GiveWell to publish deep evidence-based research identifying highly cost-effective global health charities.
INSIGHT

Different Philosophies For Different Donors

  • GiveWell focuses on proven, evidence-backed interventions with clear cost-effectiveness.
  • Open Philanthropy focuses on high-risk, high-reward, long-horizon opportunities that few other funders would pursue.
ADVICE

Pick Causes And People Slowly

  • If you're starting major philanthropy, spend substantial time choosing causes and hiring the right people before scaling.
  • Prioritize building a strong team and take cause selection slowly rather than rushing into familiar passions.
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