FC meeting #60- Aug 31, 2022

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Dework Board

Join Dework here

Announcements

Shoutouts:

Everybody who is surviving this week.

Agenda

 

1) Updates

Fight Club general

1) Fight Club Governance

• constitution working group → Hasu Bankless podcast

• https://docs.google.com/document/d/1TriHnlUSUIxaFt7nqVHmHUcqtkU4KMQWlTlbciHU2e4/edit
Franco_s30.eth, josjo80, 0xbaer
channel under #start-here

2) Fundraising - weekly daily Monday, 2pm UTC

• 1kx and Mesh - initial contact

• warm intros for VCs welcomed

• pivot to anchors

• FC working group: stepx, fi_bo, liza_ch, chao

• Action Items:
Read review constitution
Add constitution channel

 

2) Genesis NFT

• Working group summary
NFT Type	Token Address	# of addresses	# minted	# available for mint
OG	0x02c97Fa4B804a0AF6fF4331D49AdBC3dDF918B82	34	50	50
bDAO	0x06f68F90F95826Ac3f9806B1Cd66D3CaFe13a752	101	101	150
Gold glove - BanklessDAO golden glove is locked in an inaccesible wallet
Do we send over another gold glove?
Can we burn the glove in the wallet?
Talk to Gnosis team about recovery of gold glove for bDAO multi-sig - cryptodad

• Timing of NFT Whitelist and Mint

• What is going on?
Contract has not been deployed to testnet
Prad has been called in and working on deployment
Overachiever has updated website
Tony has front end working but has not test minted since contract not deployed on testnet
7pm est call with Prad

• Working group - tesa_daa, NFThinker, cryptodad, LiveTheLifeTV

• Action items: meeting for marketing, tesa
Final whitelist for red glove update tonight
Talk to bDAO treasury Gnosis team about recovery of gold glove - cryptodad

 

3) Operations

a) Treasury

• reviewing Q2 numbers - cryptodad + tesa_fc
Q3 / S5 budget in the works → fibo
discuss paid roles - budget meeting async channel

• bDAO payment for red glove mint →
parcel to whitelist our multisig

• $SAFE - Gnosis Safe airdropped tokens
FC received 2,083.44 $SAFE tokens
What should FC do with them? 10% to bDAO? All $SAFE to bDAO?
wait for bDAO forums

b) Discord / Operations

• Stay safe!

• Turn off Discord DMs for each server
https://app.banklessacademy.com/lessons/web3-security

c) Community

• mintkudos.xyz for soul-bound tokens blocked by art
poll live in #polls https://discord.com/channels/915376580317028352/959508900506386583/1014246594348068885

• mantis_clone → pseudo code for cake-to-fighter sbt
testnet versions of sbt on mumbai

• Founders / investors monthly meeting → https://lettucemeet.com/l/EVemP
Topics to include:
What is your investment thesis
Founder problem q&a

• Series 65 study group
30 minute meetings

d) Partnerships

• Boiler plate Service Partner agreement → NF Thinker

• Auditor partners
Verilog - Dex Chen
OtterSec.io - Alex

• Deal flow
GCR - Jin Kiang passed!

e) Project Management

• Need redundancies in place

• Case study - project leads going MIA

Working group: fi_bo, brianl, iSpeakNerd, cryptodad

• Action items:
Q3 / S5 budget discussion → fibo
Final deck Q2 numbers → tesa
Governance discussion thread → iSpeakNerd

 

5) FC Website - @NFThinker

• https://fightclub.vc

• mission statement update

• Educational content → available for NFT members
Access for members who completed course - thread created, no consensus

• Outstanding items
Genesis Fund website → https://fightclub-frontend.vercel.app/
Genesis Fund website ready to be linked to the genesisfund.fightclub.vc domain

Working Group - tigerking, Overachiever, fi_bo, willster, NFThinker

• Action items:
Post-branding workshop

 

6) FC Social Media - @elno @yofi @ahino

• Twitterspace AMA
Education schedule
Public square channel
Set agenda logistics
Need investor / analyst for AMAs

• Medium articles
iSpeakNerd → governance structure
Ap0ll0517 → republish articles

• Partnership channel →
Yofi dropped template
PR announcements for Twitter

• Updates / plan
Event calendar
Upcoming events
Medium → https://medium.com/@fightclub_banklessdao
Mirror → 0xB0a7B65cD03818a823cbb24ef35A1D160426BeD8
ETH address → fibo
ENS account → fightclubvc.eth

• Action items: Working group - elno, tesa_daa, yofi, Jake n Stake, Marvel

 

7) FC Marketing - shuba, fibo

• Results from marketing - visual style guide
Style guide at end of month

• Keone content strategy

• Action items:

 

8) IRL events

• Action Items:

 

9) Education - fi_bo, kahuna, Ap0llo

1) Education team

• Start 2nd cohort 20 September >>> draft curriculum

• Long-form sessions
governance tokens - bounty communicated through icedcool, 10k poll for additional session?

• application for education program in bdao newsletter end of week

• need to sync due diligence team with syndicate deals
Yaztaz → show due diligence team how to screen initial decks

2) Apprenticeship partners

• Wonderverse.xyz → Bankless Africa, Bankless Brazil
proposal is on Bankless Africa
working group → contributors min 1 month
apprenticeship → 1 season → 3 months

• a43 → Play4Change DAO
P4C 4 jedis

3) Token Engineering Fundamentals certificate

• Sign up for study-group online → Sept 12 access for study-groups

• Program launches at DevCon for non-study groups

• https://medium.com/tokenengineering/token-engineering-fundamentals-49b15b42fa5

• 3-months @1hr per week

• Action Items:
sync due diligence teams and syndicate deals
schedule token engineering study-group
confirm guest speakers for fireside chat (kahuna)
agree on exact timing of session (based on location of sign-ups) (kahuna)
Collected quizzes from previous season (kahuna)

 

Fight Club Investments → Genesis Fund / Syndicate Deals

1) Update

• Today’s call with Spice Finance

• Monday morning deal discussions 10 am est (formerly VC working group time)
List of deals will be sent out over the weekend in Investor Lounge

• Deal discord discussion
Working documentation

2) SPVs

• CFMB working on operating agreement this week

• Logistics on deal flow in thread →

• SPV fees
Initial deal fees:

• Due diligence $300-500

• Entity set-up and maintenance $2500 (annual $2000 via Doola)

Service provider fees:

ㅤ	0-15x	> 15x
Total	10%	20%
Deal scout	1%	2%
Due diligence	4%	8%
FC Treasury	5%	10%

• SPV Reg B 506(b) vs 506(c) difference - estpeer

3) Venture DAO

• Operating agreement being drafted by lawyers

• Working group - tesa_daa, stepx, josjo80, ape3020

Action Items:

Set UI testing meeting for Coinocracy new site

Finalize the Discord for a Deals category

 

2) New Items / Discussions

• Seedclub S05
In the scoring process. We currently have 2 yes’s and 3 strong yes’s. Chao says 99% chance we are going to the final round - interview + vibe check!

• HashedMae follow up

• Feedback on decks from Founders
yusuf / yaztaz reviewed Bankless Card - received great feedback
Part of the Education team filter of founder decks / projects
working group discussion
set price and limited mvp process

• Action item:
Follow-up with HashedMae - tesa
Pitch decks as-a-service discussion - working group?

 

3) Questions / Polls

• Action item:
SBT image poll up now!