I think there's multiple approaches they could take:
I can see an argument for 4 (i.e. start new donors with more straightforward work). Also, if GCR work is too speculative to justify pursuing, then 4 is clearly the best option.
However, if you believe that GCR work is sufficiently well-justified (as Giving Multiplier seems to), I do think 1 > 2 and 3.
2 and 3 decrease the effectiveness of the organization for the sake of precision. Their FAQ on the home page addresses how they defer to other actors, who make decisions based on the best available evidence. Anyone unsatisfied by that answer has links to Founders Pledge and can learn more about their methodology there.
Super-effective is a marketing label, not a scientific one. They define it reasonably, and I don't think it would come across as dishonest or misleading to someone without EA context.
I think the description is very justifiable, assuming that these charities are indeed good long-term bets.[1]
I agree with you that there is a difference between "a good long-term bet" and "a super-effective charity". However, for most people, it is a really bad idea to share a fully nuanced description of whether a charity is effective based on empirical data vs a high-risk high-reward bet that has a robust theory of change but is operating in a field where empirical data is impossible to collect. While this might be more precise, there are strong tradeoffs between precision and clarity. The full explanation would make most people stop engaging, while the simplified explanation will bring people into the movement.
For many in the EA space (including myself), it can feel dishonest to say simplified claims that are imprecise but still directionally correct, even though no dishonesty is occurring. This is ultimately a matter of context and audience. Describing a well-justified but speculative bet as "highly-effective" as a funder deciding who to support would be bad. As a community builder reaching out to an audience potentially unfamiliar with concepts like expected value, it's much more reasonable.
My general leaning is that most, but certainly not all, GCR charities are not good long-term bets. This poses more fundamental challenges to your point, but the solution would be to increase scrutiny in the GCR space, not fix the marketing. I'm setting this aside for the sake of this comment, as it appears to be a crux you do not share.
As someone who hires people (I am hiring right now, see bottom of the post), I often get emails asking whether someone should apply for a role I've listed.
If you're considering contacting a hiring manager to ask if you're a good fit for the role, you should just apply.
Why?
Notable exceptions, where you should email:
To be clear, the urge to send an email to check if you should apply is totally normal (I have done it before), and anyone who has done this has nothing to worry about. However, I would strongly recommend applying despite your reservations. You can just do things!
Also, if you want to apply to become Access to Medicines Initiative's Head of Monitoring, Evaluation, and Data, JOB DESCRIPTION AND APPLICATION HERE: https://docs.google.com/document/d/1nqOz2a5bTQs5W361G5gpJ3brLEf6xuG0
AIM just announced that they opened applications to the Charity Entrepreneurship Incubation Program. For those interested, I recently wrote this piece outlining what I did to get accepted to the program. I hope it can be a useful resource for you.
Most importantly, my first tip: APPLY!
Unless you have a good reason to believe otherwise, whatever you are doing now is probably not the most impactful thing that you will ever do. Over time, you will have more career capital, which will open more opportunities for impact. If that's true, a large portion of the value of your current project is building career capital for future projects.
As a result, all else equal, we should perhaps be slightly skewed towards tractability in the typical ITN framework. A successful project looks better for career capital than a failed one, even if the two projects were equal from a pure EV comparison.
With that said, most people skew risk-averse, so maybe this is already built in?
EDIT: I agree with @Charlie_Guthmann 's comment that while this may be true, most people already (unintentonally) take this consideration into account due to natural biases, like risk-aversion, MORE than they should.
Thinking back to my first big (well, big for me) donation and an unusual series of thoughts I had. Sharing in case anyone has experienced the same.
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I've practiced frugality to a significant extent, largely because I want to donate/salary sacrifice so much of my income to effective charities. As a result, whenever I'm spending a significant amount of money on anything, alarm bells go off.
I was surprised that alarm bells went off when donating. I had thought through where I donated extensively, and charity was the reason why I wanted to save money in the first place. But I still felt stressed because I was "spending money."
This is such a clear example of missing the forest for the trees. I think we need to be careful about instrumental values/rules and making sure they don't become absolute limitations that decrease overall impact.
With the large expected inflow of philanthropic capital, there has been a surge in interest in entrepreneurship among those who otherwise might not have pursued it. As we pursue promising new ideas, many ventures will fail. Some of these failures will be because the idea was not as good as it seemed, but many will fail because the entrepreneurs executed it poorly.
I'm concerned we will abandon good ideas due to poor execution.
Founders new and old should strive to make their successes and failures publicly visible (though these stories should be read critically given founder biases). More importantly, we should be skeptical of claims that an idea is bad based solely on the failure of one attempt, and we should be willing to pursue ideas more than once if we have a strong account for why the previous attempt(s) failed.