Summary

BoostVC (“Boost”), an early stage venture capital firm with $200m in assets under management based in San Mateo, CA founded by Adam Draper and Brayton Williams, would like to acquire NEURONs and become a strategic community member of Cerebrum DAO (“Cerebrum”). Boost has a long track record of investing in Crypto and DeepTech, and has been building a compelling DeSci portfolio and network.

Boost was introduced to Cerebrum during the auction of the NEURON token and only finished discussions and due diligence after the auction was complete. Boost has approached Cerebrum about acquiring a material position of NEURON (i.e. up to $500k in total) which is not practical to do exclusively on the open market due to the early nature of the NEURON trading pools and liquidity depth.

Furthermore, NEURON is in the early stages of price discovery therefore selling large positions in NEURON may be too dilutive to Cerebrum.

Cerebrum is in the process of rolling out a new product working group and product strategy to bring further utility to the NEURON token and value to our community. This is a previously unbudgeted initiative which can benefit from having some additional capital to fund working group activity and product partnerships.

In consideration of these issues listed above and the strategic value and benefit of bringing BoostVC into the Cerebrum community, we are proposing the following compromise offer to BoostVC, which they have accepted.

1. Cerebrum will sell $250,000 of NEURON OTC to Boost at a 18% discount to the NEURON price on Uniswap with a three-year lockup on all the NEURONs.

2. Boost has agreed to purchase additional NEURON over time to increase their position to their target level. This will include open market purchases on public exchanges (e.g. Uniswap) and may include some private acquisitions. The amounts and timing will be subject to valuation targets and done such that Boost isn’t moving the market against themselves and to help avoid front-runners.

Overall we believe Boost will achieve a position of $350,000 to $500,000 base in NEURON over time, including $250,000 of direct additional capital to Cerebrum, and contribute to the community as a strategic member.

Strategic Value to Cerebrum DAO

Boost would be an incredible partner for CerebrumDAO, thanks to their deep experience in both crypto as well as in the hard sciences. They were among the first institutional investors in crypto (via early checks into Coinbase, Etherscan, Unstoppable Domains), and have since expanded to invest in deep tech and specifically bio (including investments into Colossal, InterVenn, Dynomics, GigaMune, and Neurosity). As DeSci emerged over the last several years, Boost has remained on the cutting edge (participating in ResearchHub, Molecule, HairDAO, and Data Lake), bringing with them both a depth of technical knowledge on the crypto side, as well as broad expertise across biotech. We think their strong brand and network will be useful in helping us continue to expand Cerebrum to new audiences of researchers, investors, and also end-users. Finally, after having met the team, we’re excited to know that they’re also deeply aligned with our vision of using web3 tech to solve some of the world's most pressing problems.

Key Benefits for Cerebrum

1. Strategic value outlined above from Boost’s track record, portfolio and community, including landing on the radar of Silicon Valley and having DeSci more actively promoted in that community;

2. $250,000 of additional capital, which can be leveraged to help fund and launch our upcoming Product Working Group and Cerebrum Community Product initiatives that are expected to increase the utility of the NEURON token;

3. Commitment from a strategic buyer to purchase NEURON in the open market, providing key early price and liquidity support to NEURON as it establishes its token position and trading pools.

Proposal Terms to Approve

CDP-5, if approved, authorizes Cerebrum DAO to do the following:

1. Raise $250,000 by selling NEURON to BoostVC at a 18% discount to the NEURON price on Uniswap;

2. NEURON sold OTC to BoostVC will be locked up for 36 months in a Sablier lockup contract;

3. Provide support to BoostVC to acquire additional NEURON via the open markets.