• Funding normal researching: $100k

• Funding Paul Christiano: $100k

  • 100x or 10x as valuable - works if Paul only sells a fraction of his impact

• Retro funders - don’t want to give up as much of the value

  • Regranting style - can this be closed loop?
  • Each regranter gets an account, can give it to new projects or buy someone’s equity

• FF and OP: Oligopoly, split up Redwood’s grants 50/50

• Thought: People donate anyways. Right now, they just donate to an org

  • Goal: Donate through our system
  • Instead: Donate into our regranter pool. In the regranter pool, fund projects, can’t cash out (keep it circular), can start trading impact certs with each other

• On the product page: have a live valuation

  • And then make it really easy to buy live shares
  • Need a trading market to get valuations, and to drive adoption
  • Most people who are interested in this:
    • Their profits in impact certs: can be donated anyways
  • You don’t need that much equity being bought/sold to have a live price

Oracle funder

• Original Paul vision, it’s more of a circular thing

Leopold: try the per-person thing

• Dividends?
• We buy back 5% of all outstanding shares
  • Oracle funder is looking for the best deals.
  • End funder who wants to incentivize good AI Safety research
    • Probably people. I have some pool of money, I’m going to spend $500k a year to buy back shares in the AI Safety research impacts
      • I’m going to go to this market and look for the best deals
      • Other people: buy and sell shares of people’s impact.
      • It’s a funding mechanism for the entire space.
  • “I’m going to get 5 people. Paul, Eliezer, Jarred Kepler, each with $100k, buy back some shares”

What is the MVP that gets Katja Grace addicted, and gets all her donations through this, and wants to donate more to accumulate cred

Rachel: Would you invest? Leopold: Yeah, would have a lot of fun with it

Leopold: wouldn’t have founders sell entire stake