WOW…time really does fly as you get older , cause here we are again, ready to submit another WG season, Season , or as I like to call it, the 3rd season of Fundraisers
Looking back at the first two seasons for our circle, we have now officially closed out the full range of emotions from highs to lows and from laughter to painful goodbyes , but ALL of it has created a lot of incredible growth for both the circle and the galaxy .
And like our proposals of the past, here is a quick high-level overview of what we accomplished: raised over $139K , submitted 14 grants (**while only having grant writers for roughly half the season, but still winning roughly 25% of our grant applications,*) and perfected our new KOL deck and pitch !
But let’s not dwell too long, as the next season is shaping up to be a monumental 2025 run blast, as we welcome Cotabe and Anna to the Giveth grant writing team !
So now that the New Year’s Eve firework dust has settled, let’s look ahead at what’s in store for the first 4 months of the new year below !
Season 5 Review
In this section, I’m going to break down the deliverables from the past 3 months, and provide an update on their status and any relevant information. We’ll also cover our spending in Season 5 and compare it to our estimated budget we covered in the previous Season proposal.
Deliverable | Status | Note |
---|---|---|
• Apply to around 15 new L2 grants this season | Missed | ~Won ~ Fuel ($25,000) ~ Applied ~ ENS grant World Mini App Ethernity Chain Grant Tron ~ Rejected ~ none |
• Apply to other types of fundraising / grant opportunities (not L2s), so around 8 this season | HIT! | ~ Won ~ VeChain ($50,000) OP Retro PGF4 (14,697OP or ±$40,000) Gitcoin Grants 22 (±$24,055) ~ Applied ~ OKcoin Kraken Fractal Bitcoin ~ Rejected ~ Octant Community Grant Joke Race Casper |
• Hit $275,000 of “Grants Won Revenue” for the season | Missed | Raised ±$139,000 in winnings |
• Incorporate ALL of the QF fundraising activities into our group, which will include finalizing the KOL flyer & pitch, and then using it to secure enough sponsors for each round’s matching pool to be at least $125,000 | HIT! & Missed | We did finish and pitch our new KOL program both IRL and online, but we only hosted 1 QF round… but it was a q/acc round that had a $250,000 MP so… |
• Have a physical presence at DevCon, Nov 12th to 15th (budget will cover transport, accommodation & meals expenses) | HIT! & Missed | Giveth decided not to have a fundraising WG member attend, but we prepped and armed all Galaxy contributors who went to be our fundraising replacements! |
• Up the amount of dedicated monthly hours by 40% - Jake to 160’ish hrs / month and Marcelo & Paulo to a combined 50’ish hrs / month | Missed | • Jake - Oct 138 hrs / Nov 113.25 hrs / *Dec hrs pending • Marcelo - Oct 19.25 hrs / Nov 12.50 hrs • Paulo - Oct 20.25 hrs / Nov 19.50 hrs • Cotabe - Dec 11.25 hrs • Anna - Dec 0 hrs |
• Incorporate designers into our grant applications to make our grants POP!, a budget of 10/hrs of design work. | HIT! | Kristina supported the WG with 13.25 total hrs |
• Continue to provide forum follow-ups posts for all our previous grant wins | HIT! | No forum posts needed this season as our grant wins didn’t require them |
• Keep Griff’s current fundraising hours (around 30/hr per season) | HIT! | Oct - 8.25 hrs Nov - 14.25 hrs Dec - 7.5 hrs |
Bonus item: we exchanged out our 2 Grant Writers | We welcomed back Cotabe and added Anna to the fundraising team!!! |
Season 5 Spending
Below I’m going to simply compare the forecasted spending with the actual funding based on available data in Clockify.
Type | Estimated S5 Cost | Actual S5 Cost | Actual S5 Money Brought In |
---|---|---|---|
Contributor Costs | $21,000 | $22,653.18 | |
Events | $1,800 | $0 | |
Grants Won | ±$139,000 | ||
Total | $22,800 | $22,653.18 |
Season 6 Deliverables & Budgeting
There are 3 possible scopes that Fundraising can take in the coming Season *(reminder that this season is 4 months long now), each with different deliverables and budget. The Season Snapshot vote will dictate the scope of this working group, depending on it’s signaled priority amongst other working groups, as decided by the Giveth DAO.
GROW
Deliverables
What we will do
- Apply to at least 8 new L2s grants this season
- Apply to other types of fundraising / grant opportunities (Retro rounds, GG, web2, L1s, shopping GURVES & AI powered charity DAOs around, etc.), so at least 11 this season
- Apply to at least $600,000 worth of grants for the season
- Win or be awarded at least $400,000 worth of grants for the season
- Increased QF fundraising activities
- Use the KOL pitch to secure enough sponsors for 3 rounds with $100,000 matching pools
- Ensure the analysis & operations compensation we receive is at least $15,000 for each round, totaling at least $45,000 (3 QF rounds) for the season
- Have a physical presence at ETHDenver ( Feb 25th to Mar 2nd) and Token2049 (Apr 30th to May 1st) - (budget will cover transport, accommodation, meals, etc.)
- ETHDenver - Jake, Cotabe, Yegor & Griff - 90 to 130 total working hours
- Token2049 - Jake, Yegor & Griff - 40 to 55 total working hours
- Continue to provide forum follow ups posts for all our previous grant wins
- Increase the total amount of dedicated monthly hours of each WG member - Jake, Cotabe, Anna and even increasing the amount of developer and designer hours
Breakdown | Estimated S6 Cost |
---|---|
Contributor costs | $40,000 |
Events | $9,000 |
Total | $49,000 |
SUSTAIN
What we will do
- Apply to at least 5 new L2 grants this season
- Apply to other types of fundraising / grant opportunities (Retro rounds, GG, web2, L1s, shopping GURVES & AI powered charity DAOs around, etc.), so at least 8 this season
- Apply to at least $480,000 worth of grants for the season
- Win or be awarded at least $320,000 worth of grants for the season
- QF fundraising activities
- Use the KOL pitch to secure enough sponsors for 3 rounds with at least $50,000 matching pools
- Ensure the analysis & operations compensation we receive is at least $13,000 for each round, totaling at least $39,000 (3 QF rounds) for the season
- Have a physical presence at ETHDenver ( Feb 25th to Mar 2nd) and Token2049 (Apr 30th to May 1st) - (budget will cover transport, accommodation, meals, etc.)
- ETHDenver - Jake, Cotabe & Griff - 70 to 90 total working hours
- Token2049 - Jake & Griff - 24 to 32 total working hours
- Continue to provide forum follow ups posts for all our previous grant wins
- Maintain the total amount of dedicated monthly hours of each WG member - Jake, Cotabe, Anna, as well as, the amount of developer and designer hours
What we won’t do
- Focus as much on amount of grants and worth of grants
- Increase any of our teams (Jake, Cotabe & Anna) hours
- Bring additional contributors to IRL events
Breakdown | Estimated S6 Cost |
---|---|
Contributor costs | $30,000 |
Events | $6,000 |
Total | $36,000 |
SHRINK
What we will do
- Apply to at least 3 new L2 grants this season
- Limit our time applying to other types of fundraising / grant opportunities (Retro rounds, GG, web2, L1s, shopping GURVES & AI powered charity DAOs around, etc.), so at least 6 this season
- Apply to at least $360,000 worth of grants for the season
- Win or be awarded at least $240,000 worth of grants for the season
- Limited QF sponsorship work
- will ONLY bring in QF rounds via integration grants, but no assistance with other type of rounds
- Ensure the analysis & operations compensation we receive is at least $13,000 for each round, totally at least $39,000 (3 QF rounds) for the season
- Continue to provide forum follow ups posts for all our previous grant wins
- Decrease the total amount of dedicated monthly hours of each WG member - Griff, Jake, Cotabe, Anna, as well as, the amount of developer and designer hours
What we won’t do
- Focus as much on amount of grants and worth of grants
- Increase any of our teams (Jake, Griff, Cotabe & Anna) hours, will actually lower them
- Incorporate any designer work into our grant apps
- Attend any IRL events
- QF sponsorship work for non-integration grant rounds
Breakdown | Estimated S6 Cost |
---|---|
Contributor costs | $18,000 |
Events | N/A |
Total | $18,000 |
Next Steps
This proposal will remain for advice process until all other eligible Working Groups have posted their Working Group Proposals and minimum advice process (5 days) has been met for them.
A single Snapshot vote will be created to decide the final priorities and budgets for all Working Groups for Season 5. Keep an eye out for it!