“#207 – Why she shut down her charity, and why more founders should follow her lead (Sarah Eustis-Guthrie on The 80,000 Hours Podcast)” by 80000_Hours

We just published an interview: Sarah Eustis-Guthrie on why she shut down her charity, and why more founders should follow her lead. Listen on Spotify, watch on Youtube, or click through for other audio options, the transcript, and related links. Below are the episode summary and some key excerpts. Episode summary I think one of the reasons I took [shutting down my charity] so hard is because entrepreneurship is all about this bets-based mindset. So you say, “I’m going to take a bunch of bets. I’m going to take some risky bets that have really high upside.” And this is a winning strategy in life, but maybe it's not a winning strategy for any given hand. So the fact of the matter is that I believe that intellectually, but l do not believe that emotionally. And I have now met a bunch of people who are really good at [...] ---Outline:(00:32) Episode summary(02:33) Highlights(02:36) What its like to found a charity(05:51) Yellow flags and difficult calls(09:15) Disappointing results(11:26) The ups and downs of founding an organisation(15:56) Entrepreneurship and being willing to make risky bets(19:28) Why arent more charities shutting down?(22:02) How to think about shutting down--- First published: November 15th, 2024 Source: https://forum.effectivealtruism.org/posts/Qqfg6tvxpLTQC4jDq/207-why-she-shut-down-her-charity-and-why-more-founders --- Narrated by TYPE III AUDIO.