# Flex, Commodore, & Mario Workstream Renewal

tl;dr Commodor, Flex Chapman, & Mario are requesting to [renew their full-time contributor streams](https://snapshot.org/#/krausehouse.eth/proposal/0x14085de0ef04577325cd61e06f1cd3b83ce7325960edb19eace702624b5160a4) at less than the compensation rate as previously requested.

High-level goals for time period: Execute a letter of LOI (very hard), pitch more NBA owners (hard), execute a treasury diversification (hard), land meaningful partnerships (hard), operate core functions of the DAO [legal, financial, community, etc] (normal).

## Proposal

A monthly budget of $40,001 USDC + 10,000 $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) November 1st, 2022 after proposal passing. Contributors can be fired at any point by the DAO through proposal, at which point future payments will cease.

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.

This team must submit a brief monthly update to the DAO.

**Monthly**

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

## How long?

4 months starting (in arrears) November 1, 2022.

### Burn Impact

Note: Burn is difficult to calculate looking beyond the existing proposal obligations. Additionally, we hold a fair amount of ETH which is subject to market prices. With those caveats, we're looking at roughly 10 months of runway without this proposal. Passing this proposal would reduce runway by roughly 1.5 months. It should be noted that part of Flex & Commodore's objectives is to execute a Treasury Diversification to increase USDC in the treasury.

## Retrospective

### Commodore

Summary: Delivered core obligations to the DAO (legal, financial, NBA purchase, & town halls). [Strong feedback]((https://docs.google.com/spreadsheets/d/1V5U4b2Su0t0Cv4T9GlETrDDpf5xv14CG88UMvtJNYBU/edit?usp=sharing)) 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
* Assisting KH Capital formation
* Inter-Jerry Mediations
* Authored KH Game Plan

**Previously Outlined Obligations**

- DAO Operations
- Communications [MET: Hosted weekly town halls & Stewards meetings.]
- Legal
- Sub-DAO Strategy [MET: Instituted IP rights to the DAO for all contributors.]
- NBA Minority Ownership Structure [MET: Collaborated w/ KH Capital + legal counsel to design a structure we currently believe is both NBA bylaw & SEC compliant.]
- Finance
- Accounting [MET: Closed accounting books monthly & published to Notion.]
- Payroll / Payments [MET: Processed & audited bimonthly contributor payouts.]
- Vendor Relations [MET: Minor relations required.]
- Multi-Sig Signer [MET: Executed transactions.]
- Treasury Diversification [FAILED: We have a deck, we've had early meetings. Certainly would like to execute this in the next 6 months.]
- Knowledge
- Sharing [MET: Hosted weekly town halls & Stewards meetings.]
- Gathering [MET: Hosted weekly town halls & Stewards meetings.]

**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]((https://docs.google.com/spreadsheets/d/1X487XPJPe1aDe4gZBcChUc8S8b_dB2MsAHzEFly20gU/edit?usp=sharing)) 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
* 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

**Previously Outlined Obligations**
- DAO Operations
- Finance
- Multi-Sig Signer [Met: Executed transactions.]
- Treasury Diversification [Failed: We have a deck, we've had early meetings. Market conditions, combined with front office conversations deprioritized this initiative.]
- Knowledge
- Sharing [Met: Updates provided at weekly town halls & Stewards meetings.]
- Gathering [Met: Updates provided at weekly town halls & Stewards meetings.]

- DAO Products & Services
- Product Advisor [Met: Multiple times per week syncs with design/dev]

- DAO Growth
- Community Development
- Facilitate growth opportunities that will further awareness and legitimacy for The Krause House [Met: Hosted Book Clubs; Coordinated KH Tournament in Guatamala and Philippines]
- Partnerships
- Serve as main Point of Contact for inbound/outcome KH Partnerships [Met: Touch point for popular brands such as Springhill, Donda Sports, Overtime, and Kraken.]
-
- Multimedia
- Podcast Host [Met: Increased frequency of KH Podcast.]
- Co-Producer [Met: Facilitated Recordings for 'Achievable by Many' (audio documentary about our path to ownership)]
**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

**Highlights**

**Previously Outlined Obligations**

**Learnings**

## Objectives / Responsibilities

### Commodore

- NBA Minority Ownership Purchase
- DAO Operations
- Communications
- Legal
- Finance
- Accounting
- Payroll / Payments
- Vendor Relations
- Multi-Sig Signer
- Treasury Diversification
- Knowledge
- Sharing
- Gathering
- Prep: Open KH To Other Sports (⚽️⛳️)

### Flex
- NBA Minority Ownership Purchase
- DAO Operations
- Communications
- Finance
- Multi-Sig Signer
- Treasury Diversification
- Knowledge
- Sharing
- Gathering
- DAO Products / Services
- Advisorship
- DAO Growth
- Multimedia
- Partnerships
- Community Development
- Prep: Open KH To Other Sports (⚽️⛳️)

### Mario