Table of Contents

1. Summary + Primary Goals
2. Proposal
3. Core Team Check-In
4. Details

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1. Summary

Commodore, Flex Chapman, & Mario are requesting to renew their full-time team charter.

Primary Goals

• Execute a letter of intent for a minority position of an NBA team [LOI] (very hard)
• Pitch more NBA owners (hard)
• Execute a treasury diversification (hard)
• Capitalize on meaningful partnership opportunities (hard)
• Operate core functions of the DAO [legal, financial, community, etc] (normal)

Team Member Main Responsibility

Each team member works across the DAO on many fronts. However, they have one primary responsibility. More detail on objectives are outlined in the Details section.

• Flex: Securing Letter of Intent (LOI) — Generate Leads/Pitch Opportunities
• Commodore: Securing Letter of Intent (LOI) — Financial <> Legal <> Web3 Coordination
• Mario: Build and manage systems to leverage the power of our community.

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2. Proposal

• A monthly budget of $40,001 USDC + 10,000 $KRAUSE
• Paid monthly
• 6 months starting (in arrears) November 1, 2022.
• Contributors can be fired at any point by the DAO through proposal, at which point future payments will cease (prorated to the day fired).
• 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 Spend

Name	$USDC	$KRAUSE
Commodore	16,667	0
Flex Chapman	14,167	2,500
Mario Lopes	9,167	7,500
Total	40,001	10,000

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3. Core Team Check-in

1. Where are our plans for the DAO?
2. What’s our plan for DAO finances?
3. How can you help?

Where are our plans for the DAO?

1. Secure a Letter of Intent: Securing a minority position in an NBA team is the next major step in our mission. In addition, this helps plant the seeds for objective (2) and (3). This requires cultivating relationships with NBA teams and aggressive networking by this team.
2. Raise for KH Capital: Work with KH Capital (Lewwwk & others) to close a $100m+ PE Fund that will backstop KH sub-DAO equity positions. Equity positions in sports clubs will exist within a fully KYC’d, NBA by-law, & SEC compliant entity as a sub-DAO. KH Capital provides us the ability to structure a legal entity that sports clubs can interact with legally & compliantly, while KH Capital delegates access + governance to Krause House where allowed. Additionally, this gives us negotiation leverage to verbally commit to large sums of capital without knowing KH members’ appetite due to KH Capital being able to backfill any remaining allocation. Note: Closing a LOI with a NBA team is a massive accelerant to getting this fund closed.
3. DAO Treasury Diversification: Once we secure a LOI, we intend to diversify our balance of $KRAUSE & USDC / ETH.
4. Community Engagement: Our community is our unfair advantage, and one of our core focuses is to cultivate richer community spirit. The early days of KH thrived pre-token, and we aim to bring this entrepreneurial spirit back to the community. Part of the intention of moving towards mechanisms like Coordinape is to allow Jerry’s to “get after it” in any way, without permission, in a maximally “do-ocratic” way. On top of this, we will experiment with new methods and platforms to connect Jerry’s with KH & each other. Ultimately, the Krause House journey means nothing without camaraderie, new friends, and memories. WAGBAT.

What’s our plan for DAO finances?

At this moment, we have roughly $1.3MM our Mainnet and Polygon treasuries. Our community, talent, DAO infrastructure, brand, and network is a non-reproducible, organic, confluence of factors that puts Krause House in a unique position to succeed with our vision. It would be a mistake to shift to a defensive posture.

1. We expect to pass less project proposals in USDC, and favor a more entrepreneurial style of funding via mechanisms like (but not limited to) Coordinape gift circles.
2. We also hope to expand the full-time team if we have the opportunity to bring on member who materially advances our ability to close a LOI with an NBA team, and/or deliver treasury diversification.
3. It also should be noted that part of Flex & Commodore's objectives is to execute a Treasury Diversification to increase USDC and/or ETH in the treasury.

How can you help?

While we hope to nudge the DAO towards less project based funding, we intend to make contributing to the mission easier by allowing Jerry’s to earn without submitting a proposal.

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4. More Detail

1. Objectives + Responsibilities
2. Retrospective

a. Objectives / Responsibilities

Commodore - “Closer”

When discussing with ownership groups, there comes a moment when the idea at a high-level resonates, but we need to get into how it all would actually work. That is where Commodore’s background & accomplishments set the credibility of the pitch on the details on what / how this could work. Our solution has to be serve the needs of KH but also fit within compliance of NBA by-laws & SEC regulations. Teams will sometimes have customizations (such as 50% women ownership) suggestions that need to be structured into our offer. Commodore excels at providing the details on how this will all work across the four important domains of finance, legal, regulatory, & web3.

Flex - “Top of Funnel”

A combination of charm, vibes, & intellect allows Flex to find his way into introductions + partnerships with entities to deliver our goal. His ability to connect on a human level, then inspire with the broad vision has gotten us into meetings & conversations that are incredibly difficult to network your way into. Flex drives camaraderie on a human level on our pitches while also able to inspire with creative solutions to their needs. Flex is also the design eye behind every slide of our well designed decks. The number of NBA pitches, partnerships, & venture capitalists relationships who are interested in treasury diversification opportunities Flex provides is unmatched.

Mario - “Level 99 Jerry”

From the day he entered the Discord, Mario has taken initiative to build and maintain systems that welcome Jerry’s and leverage their ability and energy towards our mission. While he works across all areas of the DAO, his primary role will be continuing to engage the community and harness the crowd. As a part of this, Mario will be responsible for scaling the Heat Check app, which accelerates our partnership conversations & gives us a potential revenue generating project that the DAO recently approved.

b. Retrospective

Full retrospective is available here.

Commodore

Summary: Delivered core obligations to the DAO (legal, financial, NBA purchase, & town halls). Strong feedback from community members, could improve delegation + being more opinionated as a leader.

Highlights

• BIG3 Ball Hogs Purchase
• Established Panamanian Foundation + Corporation for DAO
• Phoenix Suns Press + Ownership Group Conversations
• Authored & Implemented Governance 2.0
• Legal Engineering for NBA Minority Position
• Karate Combat Podcast Deal
• Assisting KH Capital formation
• Inter-Jerry Mediations
• Authored KH Game Plan

Learnings

• Connecting with Jerrys 1:1 more often is impactful.
• Mediating issues / teams / projects / proposals is high leverage work.
• Community would like Commodore to be a more vocal leader.

Flex

Summary: Shown ability to consistently ship in his areas of focus. Strong feedback on behalf of the DAO. Consistent feedback is to be more vocal and communicative while progress on core initiatives is being made.

Highlights

• BIG3 Ball Hogs Purchase
• Authored & Implemented 'Show > Tell' framework for meetings with owner(s).
• Phoenix Suns Press + Ownership Group Conversations
• Develop & Launched Brand Ambassador Program to bring on NBA, WNBA players
• Negotiated & Established Paid Partnership with Overtime + OTE (to be announced soon)
• Hosted Book Club with NBA Trainer Idan Ravine
• Assisted in coordinating International KH Tournaments in Guatamala and Philippines

Learnings

• After 3+ NBA Owner pitches, the value proposition of community-based/collective ownership is starting to materialize based on owner needs.
• The community has requested more presence in the Discord.
• Valuable thought-leadership from community members is not being surfaced externally.

Mario

Summary: Delivered on key obligations. Overall feedback from contributor members is to work on less projects across the DAO to avoid stretching thin.

Highlights

• Led the Heat Check app (prev. MyJerry) into Beta phase
• Closed Polygon Studios co-marketing agreement for Heat Check
• Negotiated NBN23 SWISH partnership with Heat Check
• Negotiated grant funding + consulting support from The Symmetrical Fund for Heat Check
• Closed partnership agreement with In The Lab brand x KH
• Developed & Launched Brand Ambassador Program to bring on NBA, WNBA
• Onboarded ex-NBA player to KH
• Coordinated KH presence in Philippines for Operation Court
• Coordinated Court refurb of Ice Cube/BIG3 in Philippines
• Coordinated marketing for The Uncle Jon Story with Crabtree & Jon
• Sourced NBA Trainer Idan Ravin for KH collab opportunities
• Sourced Tech Runs x NBAPA paid curation opportunity for KH
• Sourced legendary basketball court painter Mike Swift for a partnership to help with Philippines Court project
• Inter-Jerry Mediations
• Weekly Jerry’s Digest publications to keep community informed

Learnings

• To scale back projects and avoid being spread too thin
• Focus more attention on scaling Heat Check
• To be more vocal and opinionated about DAO operations