Hello @thectaeh and the @hollywooddao –
The proposal - as written - is declined. However - we would be happy to provide $75K as a bootstrapping DAO grant given the 6 requirements that we discussed yesterday (I will state them again below). In the alternative - we can offer a $100K co-investment as part of your next round of fundraising (per our Investment guidelines).
For the bootstrapping DAO grant - please fulfill the following:
- MANDATES: Clear, short and to the point. Can fit in a tweet. Three mandates with two sub-clauses per mandate.
- DELIVERABLES: Deliverables that will be accomplished over the next 3 months that tie directly into your mandates.
- METRICS: Quantifiable, “stretch” goals that show (a) the deliverables being accomplished, (b) drive engagement in your DAO, (c) drive further use and adoption of the Harmony blockchain.
- GOVERNORS: 9 governors, with details about their experience and how they will help the DAO.
- MULTISIG: 5 out of 9 Gnosis Safe multisig to hold the DAO treasury.
- ELECTION: Schedule the next election for the governors. Governor terms are ideally 3 months long.
It is important to note that a few of the items that you proposed in your mandate are clearly products yet to be designed (in this case, movies). As we mentioned earlier, such requests are Investments and not DAOs. I recommend you look at our Investment guidelines (which I have added in below, but you can also find them at harmony.one/apply)
50 Investments ($20M). Tokens of each investment are on-chain and semi-liquid. Harmony helps evaluate technical strengths, market potentials, and ecosystem alignment. We recommend $250K-$1M for each check at maximum $10M valuation, collaborate over events and campaigns, and rebalance portfolio quarterly to diversify.
Here are three examples of successful Investment proposals.
As I have mentioned - I do really like the promise of this project and encourage you to keep moving forward.