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Grants Committee Weekly - 8/11/23

Attendance

raybankless, Baer.eth, links, daolexa

Date

Aug 11, 2023

Last Edited Time

Aug 11, 2023

Last edited by

Note-taker

Recording

Multi-select

Action Items

Accounting

(links to fill in)

Bank for the remaining of the season: 3.9M

Grants Committee Accounting Spreadsheet

Funding

No funding!

Discussion

S9 Funding

Projects need KPIs

Iced collecting KPIs for IMN and Infosec

Research Guild

see a bunch of activities around guild support (i.e. governance, meetings) BUT not towards pursuit of their mandate (attract and retain members)

Things like AV Guild - they have few members because they are actually counting people who are doing AV work

The funding system isn’t failing - it’s actually working, so maybe we can deepen the requirements

Last season they were using ChatGPT reports to say they were being active

so basically we are paying ChatGPT to make report

ChatGPT isn’t inherently bad - it’s a tool like any other tool (+2)

Of course we need to be strict around funding, but “member-based funding is crap” - DAOlexa

5 contributors could be carrying the weight of 30 active members

ACTION: links to bring RG to the GC meet

IMN

got $67K in revenue but asking for BANK. Should we be funding them?

$51K is coming from OP grants, but it is uncertain when they will be coming (i.e. they cannot depend on it yet)

10% is a kickback to the DAO

DAOlexa asked them why they needed the funding, it was not clear to them

if you look at BANK as governance rights - isn’t it a good thing that successful projects are getting more governance rights?

If we are asking this from some projects and not from other projects, it is unfair

we need to standardize the way we treat projects

should we treat projects/guilds/departments differently?

No - they are all DAO contributors

Yes - they have different mandates and we should be asking different questions and having different expectations

Project Management Guild

The Rug

they are doing good things - they are opening new properties, growing their audience, they are doing their thing (this is good)

BUT are we getting enough value back to the DAO?

for instance, we don’t get anyone onboarded to the DAO FROM the Rug, but rather we onboard people TO the Rug

We are the ONLY group that is sponsoring them - is this wrong? Does the fact that no other crypto group is funding them mean something is off?

looking at their KPIs, they are far away from NFT mints (self-sovereignty KPI)

there is a numerical aspect to doing their work - view count, produced content, etc

but then there is other tangible value (i.e. there’s a place for people to go to learn how to make this kind of content)

there is a core group that we know - ray asked for access to their discord last season

we could standardize media grants

i.e. certain amount per podcast episode

do we have the same ask for The Rug as other media entities (i.e. Crypto Sapiens?)

should we reduce our subjectivity?

BanklessDAO Writers Cohort

Notes

Grants Committee Weekly - 8/11/23

Attendance

raybankless, Baer.eth, links, daolexa

Date

Aug 11, 2023

Last Edited Time

Aug 11, 2023

Last edited by

Note-taker

Recording

Multi-select

Action Items

Accounting

(links to fill in)

Bank for the remaining of the season: 3.9M

Grants Committee Accounting Spreadsheet

Funding

No funding!

Discussion

S9 Funding

Projects need KPIs

Iced collecting KPIs for IMN and Infosec

Research Guild

see a bunch of activities around guild support (i.e. governance, meetings) BUT not towards pursuit of their mandate (attract and retain members)

Things like AV Guild - they have few members because they are actually counting people who are doing AV work

The funding system isn’t failing - it’s actually working, so maybe we can deepen the requirements

Last season they were using ChatGPT reports to say they were being active

so basically we are paying ChatGPT to make report

ChatGPT isn’t inherently bad - it’s a tool like any other tool (+2)

Of course we need to be strict around funding, but “member-based funding is crap” - DAOlexa

5 contributors could be carrying the weight of 30 active members

ACTION: links to bring RG to the GC meet

IMN

got $67K in revenue but asking for BANK. Should we be funding them?

$51K is coming from OP grants, but it is uncertain when they will be coming (i.e. they cannot depend on it yet)

10% is a kickback to the DAO

DAOlexa asked them why they needed the funding, it was not clear to them

if you look at BANK as governance rights - isn’t it a good thing that successful projects are getting more governance rights?

If we are asking this from some projects and not from other projects, it is unfair

we need to standardize the way we treat projects

should we treat projects/guilds/departments differently?

No - they are all DAO contributors

Yes - they have different mandates and we should be asking different questions and having different expectations

Project Management Guild

The Rug

they are doing good things - they are opening new properties, growing their audience, they are doing their thing (this is good)

BUT are we getting enough value back to the DAO?

for instance, we don’t get anyone onboarded to the DAO FROM the Rug, but rather we onboard people TO the Rug

We are the ONLY group that is sponsoring them - is this wrong? Does the fact that no other crypto group is funding them mean something is off?

looking at their KPIs, they are far away from NFT mints (self-sovereignty KPI)

there is a numerical aspect to doing their work - view count, produced content, etc

but then there is other tangible value (i.e. there’s a place for people to go to learn how to make this kind of content)

there is a core group that we know - ray asked for access to their discord last season

we could standardize media grants

i.e. certain amount per podcast episode

do we have the same ask for The Rug as other media entities (i.e. Crypto Sapiens?)

should we reduce our subjectivity?

BanklessDAO Writers Cohort

Notes