FC Genesis Fund operations working group #1 Jan 19, 2022
Property
Date
Mar 9, 2022
date
Jan 19, 2022
Tags
Last to edit
Agenda
Ops manual link
Weekly Pipeline Meetings
- Clarity.so → gated dealsheets
- Page for each deal includes dealsheet, team, materials
- Best practice → read before meeting
- Weekly or bi-weekly depending on deal timeline
- Coversheet agenda - list deal by deadline
Deal Team
- Proposals
- Feedback for rejections
- similar to forum comments
- Swol Chasse - private thread in Discord for each project
- Form template from Coinocracy
Deal Sponsor
- Sponsors can lead diligence or delegate to manager
- Sponsor has a relationship with team then recuse themselves and delegate to deal managers
- Deal sponsor puts down a fee if not running the due diligence
- Fee [tbd]?
- BANK hourly rate * 5 hours
Deal Sourcing Rewards
- Sponsor decides who gets sourcing credit
- % of token on exit
- Sourcing bonus - to people not investors in the Genesis Fund
- 5-10% [tbd]
- Legally feasible? How to do this?
Co-invest Process - side SPV [guideline]
- Deal team want to co-invest carveout
- Maximize Genesis Fund allocation
- Extra capacity goes to Deal team priority
Jr. Analyst
- minimum 3 deals + sponsorship
1) Mechanism for amending rules?
Genesis fund snapshot or poll.
2) How to maintain confidentiality?
3) Advisor to project - conflict of interest?