FWB Fest Spinoff Exploration

Friends of the Future: Spinning Off FWB FEST as an Independent Entity

Abstract: This proposal seeks community approval to explore the transformation of FWB FEST into an independent entity. By considering options like venture capital or joint ventures, we aim to establish a sustainable financial and operational foundation for the festival, ensuring its growth and stability without compromising FWB's finances.

Why: To alleviate the annual fundraising stress and ensure a stable financial and operational foundation for FWB FEST, allowing for focused planning and execution, and securing the programming and festival operations teams.

Authors: Paul Tao & Greg Bresnitz

When: Plan is to have FEST managed by a new, separate entity by Fest 2025.

Conflicts of Interest: None identified at this stage

Impact on FWB Community: This initiative promises to secure the festival's future, maintain its cultural essence, and reinforce FWB's vision, all while ensuring financial and operational stability. It supports our commitment to culture and innovation, enhancing FWB's influence in the tech and creative industries. This proposal will explore options on how the DAO retains a financial stake in FEST in the

Motivations: This strategic shift is envisioned to bolster FWB FEST's standing as a cultural and technological beacon while reinforcing FWB DAO's role as a nurturing ground for innovative and impactful ventures.

Proposal adapted here due to character limit. See here for the full proposal.