Funding SC07: Consumer Crypto

Summary

Since its inaugural cohort in 2021, Seed Club has incubated 6 cohorts and >100 teams building the next generation of the internet. Last year, we launched our first Consumer Crypto focused cohort (SC06), with the deep belief that imaginative consumer crypto experiences are core to the development of our ecosystem, and the internet broadly.

Last year we outlined our plans and motivations in this proposal for funding our first Consumer Crypto cohort. Here is a summary of how we’ve executed on our plans:

• 10 canonical consumer crypto companies were supported
• Seed Club allocated a $1,520,250 USDC of the budgeted $2.5M USDC towards SC06 teams
• Seed Club allocated $32,958.6 USDC towards associated legal fees
• A balance of $946,791.4 USDC remains to be distributed towards funding the Consumer Crypto Accelerator

In this proposal we outline our plans for funding the next cohort (SC07) of Seed Club’s Consumer Crypto accelerator.

Objective: Funding SC07 projects ($1.5M)

Seed Club’s seventh batch is focused on working with the best founders and most exciting projects in consumer crypto. Specifically, projects that have onchain distribution, an onchain business model, and are strongly memetic.

Seed Club DAO will be allocating $1.5M to the remaining $946,791.4 USDC ($2,446,791.4 USDC total) to distribute to SC07 teams working on audacious, novel, socially-motivated projects that are trying to make our internet dramatically more interesting. Though our target is 10 teams for this next batch, we’re requesting flexibility to accept up to 15 projects into SC07 who will receive up to $200k each.

Implementation

If implemented, this proposal aims to allocate $1.5M USDC from the Seed Club Treasury to the Seed Club Foundation.

Vote

Yes - Approve and implement this proposal No - Do not approve this proposal