Full-Time Contributors v2
Context
tl;dr Commodore, Flex Chapman, Mario Lopes are requesting to renew their full-time contributor streams at the same compensation rate as previously requested.
Table of Contents
- Proposal
- Vision
- Retrospective
- Going Forward
Proposal
A monthly budget of $42,501 USDC + 7,500 $KRAUSE to fund a set of full-time contributors. Budgets and responsibilities for each contributor are outlined below, and will be paid monthly, starting effective (in arrears) May 1st, 2022 after proposal passing. Contributors can be fired at any point by the DAO through proposal, at which point future payments will cease.
To receive payment, members of this team must retain 100% of their airdropped allocation of $KRAUSE balances for 2 years (as of Jan 1st, 2022) or until no longer being compensated as a full-time contributor.
Monthly
| Name | Style | $USDC | $KRAUSE |
|---|---|---|---|
| Commodore | Fixed | 16,667 | 0 |
| Flex Chapman | Fixed | 16,667 | 0 |
| Mario Lopes | Fixed | 9,167 | 7,500 |
| Total | 42,501 | 7,500 |
How long?
6 months starting (in arrears) May 1st, 2022.
Accountability Check-Ins
The team will provide a progress report in a written form monthly to the community.
Why are these 3 people a team?
Commodore, Flex, & Mario have been working closely on all aspects of the DAO since its’ inception giving us high context. Each of us has a general different focus, but the overlap between the 3 provides a strong foundation to be able to quickly assist all areas of the DAO.
Vision
Krause House has made incredible progress in a short period of time, yet there’s so much more left to do. A purchase of a BIG3 team is an exciting step of progress against our roadmap of building credibility, yet we aspire for many positions across many leagues to build a portfolio of credibility. We need more experimentation, governance, & ultimately wins — to show the NBA that a DAO is worthy of ownership.
What we’ve learned the most in the past 5 months is that professional sports are ready for DAOs to join the cap table. Our offer is unique & compelling. The value proposition of DAO ownership is strong, and more importantly — the future. We’ve been engaged with several NBA teams & there’s general alignment in getting a minority deal done. We intend to close one (or maybe all) of these positions. There are legal, financial, and operational negotiations + details that need to be agreed upon & implemented.
The future of Krause House has its’ hands both directly & indirectly in a portfolio of different professional sports teams. Krause House is a network of Jerrys that can bundle (and unbundle) capital + governance into the world of professional sports. Ownership in professional sports has been traditionally restricted to the wealthy few, but with web3 we have a new path to give fans a voice + equity in their passion.
We need to demonstrate success with the assets we do own, continue to initiate + close deals for more ownership positions, & provide a best-in-class DAO experience along the way for all of our Jerrys.
To demonstrate success with the assets we do own, we’ll need to focus on being the best owners we can be via the Ball Hogs. Building out a strong media presence, engaging our fans + BIG3’s, & selling merchandise for our team. Additionally, continuing to work more deeply with the BIG3 as a league to show how DAOs can serve as a partner at both the team & league level.
We continue to maintain a high bar of quality for the ownership positions worth pursuing, with our eyes set on a NBA minority position. These pitches take networking, deck building, & pitching to sell the vision of “why Krause House”. Additionally, we need to continue to invent legal / financial / operational structures to meet the needs of the NBA, lawyers, & regulations. This is a large & complex body of work, but there is a light at the end of the tunnel. We’ll continue to push the envelope here to bring a v1 solution for all of the stakeholders.
While we work on these “external” initiatives, it’s important we continue deliver a best-in-class DAO experience for our Jerrys. At the end of the day, we’re a social DAO and pride ourselves in operating at a high level as a DAO. Part of the magic of Krause House is that we’ve attracted top talent from web3 because we value DAO-excellence, this is something we must continue to prioritize attracting (and retaining) top web3 talent.
The macro environment has changed dramatically over the past few months, but these bear times are when the strong survive. Our value proposition is strong. Our talent is strong. Our progress is strong. This is our moment to be ambitious and bold. It’s time for us to double down, work hard, & deliver high quality work.
WAGBAT — We’re All Gonna Buy ALL Teams
Retrospective
Commodore (Jan - April 22)
Overview
Provide leadership & continuity for Krause House DAO by working to build scalable systems & processes for the “infrastructure” of KH’s operations.
- DAO Operations
- Communications
- Legal
- Finance
- Accounting
- Payroll / Payments
- Vendor Relations
- Multi-Sig Signer
- Governance Structure
- Knowledge
- Sharing
- Gathering
Summary of Commodore’s Work
Pitched NBA team for minority position. Executed BIG3 team purchase. Designed, developed, executed KH Accelerator. Worked on legal strategy with team + lawyers & initiated a legal entity incorporation. Managed & kept accurate ledger of accounting expenses for KH. Led weekly Town Hall calls. Recorded weeklyish podcast for KH DAO with key updates. Managed & implemented Utopia for contributor payments.
- 7 Jerrys provided feedback
- 7/7 rated Commodore’s quality of work “Excellent”
- Main area of improvement was to increase leadership voice
Flex (Jan - April 22)
Overview
Provide leadership & continuity for Krause House DAO by achieving quality growth
- DAO Operations
- Communications
- Finance
- Treasury Diversification
- Vendor Relations
- Multi-sig Signer
- Product and Services
- DAO Tooling
- OSS
- Growth
- Partnerships
- Multimedia
- Community Development
- AMAs
- Live Shows
- Knowledge
- Sharing
- Gathering
- Educational Resources
Summary of Flex’s Work
Pitched front office and ownership on a minority ownership position in the NBA. Leveraged personal relationships to engage BIG3 founders, and ultimately acquire a team (Go Ball Hogs!). Co-Host of official Krause House DAO podcast to keep current and prospective community members informed. Established partnership operations and was the main POC for all inbound partner opportunities. Served as product liaison with lead engineer to research & design internal tools, NFT project (NBA player), and analytics platform.
- 4 Jerrys provided feedback
- 4/4 rated Flex’s quality of work “Excellent”
- Main area of improvement was to be more vocal on the media strategy
Mario Lopes (Jan - April 22)
Overview
- Provide community leadership and provide continuity for the Krause House DAO by working to build a scalable community and brand.
- DAO Operations
- Communications
- Finance
- Treasury Diversification
- Project Management
- Knowledge
- Sharing
- Gathering
- Educational Resources
- Onboarding web3 natives and new-to-web3
- Growth
- Partnerships
- Multimedia
- Marketing
- Community
- Onboarding
- Podcast
- Newsletter
- Digital & IRL Social Events
Summary of Mario’s Work
Devised Onboarding systems to onboard new KH members & contributors. Onboarded and coached new leaders in KH DAO. Evaluated DAO tooling products & suggested implementation options (ex. Utopia) that would make Krause House better than it was yesterday. General Steward duties - Calls, Proposal feedback, proposal discussions with Jerry's writing new submissions. Assisted with the development of KH Contributor Dashboard for KH members to organize project work. Managed the Community Discord. Recruited talent for key functions such as Education, Treasury Management & Event Planning to execute on key DAO deliverables. Recorded weeklyish newsletter & podcasts for Jerry’s Digest with community + project updates. Grew the KH network and serving as a connector for DAO members to foster collaborative opportunities. Developed a fan engagement product known as MyJerry for KH DAO & our partners use.
- 16 Jerrys provided feedback
- 14/16 rated Mario’s quality of work “Excellent”
- The two that did not, rated it a 3 on a scale of 0-4
- Main area of improvement was to avoid doing too much
If you’d like to do a deeper dive on the retrospective reviews, you can view them here.
Going Forward
Commodore (May - Nov 22)
Provide leadership & continuity for Krause House DAO by delivering on legal, operational, & financial engineering for ownership positions. Additionally, working towards treasury diversification to extend the longevity of our treasury.
- DAO Operations
- Communications
- Legal
- Sub-DAO Strategy
- NBA Minority Ownership Structure
- Finance
- Accounting
- Payroll / Payments
- Vendor Relations
- Multi-Sig Signer
- Treasury Diversification
- Knowledge
- Sharing
- Gathering
Flex Chapman (May - Nov 22)
Provide leadership & continuity for Krause House by achieving quality growth and development for the community. Additionally, working towards treasury diversification to extend the longevity of our treasury.
- DAO Operations
- Communications
- Finance
- Treasury Diversification
- Vendor Relations
- Multi-sig Signer
- Product Development
- Internal Tools
- Product Management
- Growth
- Partnerships
- Multimedia
- Community Development
- AMAs
- Live Shows
Mario (May - Nov 22)
Provide community leadership and provide continuity for the Krause House DAO by working to build a scalable community and brand. Additionally, working towards treasury diversification to extend the longevity of our treasury.
- DAO Operations
- Project Management
- DAO Leadership Program
- Community
- Fan vs Contributor Onboarding
- Podcast
- Newsletter
- Digital & IRL Social Events
- Communications
- Discord + any emergent platforms for KH community
- 1 on 1s
- Group Calls
- Finance
- Treasury Diversification once legal engineering is finalized
- Accounting
- Payroll / Payments
- Vendor Relations
- Multi-Sig Signer
- Knowledge
- Sharing
- Gathering
- Educational Resources
- Building a Learn-to-Earn platform for KH University
- Growth
- Partnerships
- Multimedia
- Marketing
- Fan Engagement
- Deploy and manage MyJerry, a KH product for KH community members & basketball fanatics to enjoy
- Ball Hogs
- International League Exploration
- Support/engagement/oversight
- Venture Fund
- Help with deal sourcing and evaluating opportunities
Off-Chain Vote
For
155.92K KRAUSE99.5%
Against
700.15 KRAUSE0.4%
Abstain
150 KRAUSE0.1%
Timeline
Jun 03, 2022Proposal created
Jun 03, 2022Proposal vote started
Jun 06, 2022Proposal vote ended
Oct 26, 2023Proposal updated