Genesis Fund - weekly meeting #4 June 13, 2022

Items outstanding:

Allocation proposal between:

ventureDAOs and syndicate

oversubscribed deal allocation priority in syndicate

ventureDAO members should have priority but what is the allocation split

60/40

75/25

AngelList SPVs as an MVP

Poll for accredited investors to create SPV

Legal issues for investment clubs

Circle back with Syndicate

 

 

Website testing Coinocracy Rinkeby testing and user experience/documentation

HashedMae contract review

Operating agreement George - JosJo80

returned draft

KYC members → Coinocracy no longer paying for KYC

Sabina for the current list

Push for vote on fund decisions (i.e. closed or open)

Create a list of fund decisions

Deck for investors

Due Diligence meeting for AcadArena

StepX deal review of deck - next week (tesa)

Bring Kevin in for a presentation with investors + due diligence team

 

Agenda

1) KYC onboarding for members

• https://bridge.parallelmarkets.com/coinocracy

• Get the KYC list from Sabina, ask for Discord handle

2) Operating agreement

• Being reviewed by George from Campbell Teague

3) Create a multi-sig wallet → need members

• Nominate wallet signers

4) Soft-close date → members decide

5) Deck for investors → https://docs.google.com/presentation/d/1opobxOYr4ZDTR4cZqX0m8_ZwEZZoxu49rMBiUpEbcJI/edit?usp=sharing

6) Auditing smart contracts

• HashedMae

7) Set meeting with chao, stepX for due diligence

8) Gitbook or About the venture DAO site like the LAO → ask Willster

Genesis Fund To-do

1) Determine the investment currency → Lacri

2) Payment for due diligence if outsourced to due diligence → chao, stepX

3) Payment for deal finder → chao, stepX

4) Have smart-contracts audited → talk to Prad

5) Create Multi-sig wallet →

6) Communication channels for potential investors → email, telegram, discord

 

Website testing

1) Tesa creating a how-to-use guide

2) FC to create a list of questions and issues

• create a format for feedback

• not great on mobile

3) On-board members

4) Assign tasks for website testing

• ragekick

• ragequit

• delegating votes

• proposal for membership join

• proposal for projects

• voting on proposals

 

DApp

Currently on Rinkeby network.

https://fightclub-frontend.vercel.app/

 

Testnet instructions

*for all members who are interested in genesis fund - to be announced in the meeting

1) Create or have a Metamask wallet with the Rinkeby RPC

• How to add Rinkeby RPC to Metamask wallet

2) Have Rinkeby ETH in their wallet

• Get Rinkeby ETH here.