Fight Club Agenda meeting #22 - Dec 1, 2021

RECORD THE MEETING

12-1-2021 Fight Club Weekly Transcript.txt

40.2KB

 

Action Items from Nov 24

[high] Fight Club Discord tool shed

• Working group - pilkster, brianl, carlton banks

Mid-December Discord set-up

[high] Fight Club Grant to cover expenses

• Working group - tesa_daa, dionne, josjo80

@tesa_daa Create grant request for future expenses

Scope additional expenses

[high] Genesis NFT / POAP

• Working group - pilkster, tesa, dionne

Pay Jenetics 3K for POAP - BLOCKED BY GRANT

[high] Coinocracy

• Working group - pilkster, tesa, dionne, josjo80

Find legal counsel for FC

[medium] Debrief Swiss non-profit association

@liza_ch breakdown what FTW.DAO DAO set-up

[medium] Due diligence framework

• Working group - stevenx, chao, calavera

@everyone - Feedback on working document

Expand on deal proposal work flow

@tesa_daa - summarize current venture DAO methodologies

Deal sheet - reformat template

New Action Items

[high] Genesis NFT / POAP

Scope expenses for NFT / POAP distribution

Agenda

Shoutouts

 

1) Updates

Fight Club general

1) Fight Club Governance

• Grant request is here. Please add comments / review. Aiming to finalize this week. https://docs.google.com/document/d/1QREFVlZpcvsx2QXzPymGI9hw1WICHxYbrSGvil3b4yg/edit#heading=h.e3wtu3r0foio

• Ops working group - pilkster, brianl, carlton banks
End of mid-December - finish Discord set-up
logistics of a separate DAO: Discord, Snapshot, Forum / Discourse

• Action Items:

 

2) Genesis NFT

• Create a working group to create NFT - pilkster, dionne, tesa
For a formal NFT drop, @ crypto_bushi says expenses are roughly 10% of the NFT price
Details are listed in his forum posts
It's useful for later stuff

• Working group - pilkster, tesa, dionne
End of November - drop POAP to FC members

• Action items:
Find crypto_bushi posts in forum

 

3) Operations

• Roles for overall FC governance - missing roles?
FC - Coordinator, Treasury, Program Manager, Community, AV,
Education Program - Coordinator, Program Manager
Due Diligence Program - Coordinator Program Manager

• Pilkster - hesitant against compensation because doesn't want to be tied to bDAO expectations of tribute
contributions from initial investors
BANK loan

• NFThinker - DAOpunks spun out from bDAO

• UnicornDroppingz (3,3) - token swap with bDAO treasury from invested projects

• Fi_bo - every other bDAO project asks for a lot

• Dionne - multi-staged approach - initial tribute

• stepX - how is revenue being created - mgmt fee?

• pilkster - higher than 3%+ mgmt fee since no carry

• Action items:
None but still on-going topic for discussion

 

4) Education

• Liaise with Due Diligence , FC Program Manager, Education teams

• Create quizzes based on content generated by all departments

• Assist in fact checking

• Assist in onboarding process

• fi_bo - issues working through
how to share a webinar?
how to distribute poap?
users want to learn about due diligence process

 

5) Merchandise - @ Dionne

• What are the details for the merchandise program?
t-shirts and hoodies
ball cap not available for first run
arriving in next day or two
All USM merch
Working with

• NFThinker - send any logos to design guild

• Action items:
Dionne write up blurb on merchandise project
FC on the list for testers
Design costs covered

 

6) Due Diligence framework - @Chao @stephenX

• Framework draft
https://docs.google.com/document/d/1NpSo3R7J5t7ax0WqRZTJeUqqP5mB83pGr2FVYC0enPM/edit
Who can bring deals forward workflow
decision criteria
any bDAO member can find deal and join deal team - stephenX
Need to be core member of FC sponsor

• Integrate with Education Program

• Investment thesis first draft - https://www.notion.so/bankless/720fc3ab529f428ab4913dba8dcffbaa?v=678a6b86ba4f4366ae8dec0463de71a9

• tesa_daa - incorporate comments into google docs

• pilkster - create a Mandate document

• Working group - @stephenx, @chao, @calavera

• Action items:
stepX, fi_bo, liza_ch, chao, calavera - circle together for due diligence / education meeting
tesa_daa - incorporate comments into a google doc for investment thesis
pilkster - create a Mandate document

 

Fight Club Genesis Fund

1) Coinocracy update - pilkster

Bankless_Coinocracy.pdf

3860.8KB

• Spoke to Sabina today.
Coinocracy responded to our list of questions.
Will send over a contract to formalize the relationship.
Rethinking compensation from a % of aum to a mix of upfront fee + tokens / membership
US lawyers at firms are full - Michael Fluhr was booked out, he recommended Olta Andoni and Collins Belton
Will check with bDAO legal guild since they don't represent bDAO, if FC pays retainer, they will represent us.

• Pilkster - likes Coinocracy
investment channel

• Fi_bo - type form for on-boarding or retaining information in #start-here
Pinned post for projects to fill out

• Working group - tesa, pilkster, josjo80, dionne
End of November deadline - entity formation

• Action Items:
Create a shill channel - tesa_daa
Closed channel for discussions FC members only - tesa_daa
Pinned post for projects typeform - fi_bo

 

2) New Items / Discussions

• FC role compensation

• FC potential DAO spin out

• stepX - FC minimum investment for funds and voting
Bo | Bankless DAO - block size differences between fund vs individual
pilkster - moloch v2 ability to change size
tesa_daa - delegation is available

• Action Items:
Check Moloch v2 for ability to change voting block size - tesa_daa

 

3) Questions / Polls

• Poll for FC Merch

 

Meeting Notes