# Fund Initial Full-Time Team (Renewal)

tl;dr Commodore, Flex Chapman, Mario Lopes are requesting to renew their full-time contributor streams at the same compensation rate as previously requested.

---

## 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 | Type | $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.

## Compensation Structures

Each full-time contributor can decide between 2 compensation structures:

*Fixed*

Paid at an agreed upon salary amount in a stablecoin. The salary amount will be generally market rate. The full-time contributor cannot earn additional compensation by participating in projects within Krause House.

*Hybrid / Dynamic*

A base salary (50% of market) would be paid in a stablecoin. The full-time contributor would be able to participate in compensation within other projects that are approved by the community via Snapshot.

## Additional Details

Each of these contributors is required to hold their entire existing $KRAUSE balance in order to receive payment. Payments will be made monthly. In order to be eligible for the payment, the recipient's wallet address must still be holding the required amount of tokens to meet the obligation of 100% existing $KRAUSE tokens are being held. To be specific, “existing $KRAUSE” is defined as the quantity the team member received from the KH Community Airdrop allocation. To be extra clear, if the team member is earning $KRAUSE as part of their monthly compensation — those tokens_are not_ subjected to being locked. In the event a team member is removed from the team, their tokens are fully unlocked effective immediately.

---

# Retrospective

## Commodore (Jan - April 22)

### Systems & Performance

tl;dr 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 Townhall calls. Recorded weeklyish podcast for KH DAO with key updates. Managed & implemented Utopia for contributor payments.

[360 Feedback](https://docs.google.com/spreadsheets/d/1V5U4b2Su0t0Cv4T9GlETrDDpf5xv14CG88UMvtJNYBU/edit?usp=sharing)

***DAO Operations (Responsibility)***

***Goal***: Engage materially important issues & opportunities that arise for the DAO on all known + unknown fronts.

***System Development***

- Develop a process to delegate emergent problems & opportunities to teams / individuals that are best suited to handle on a case-by-case basis.
- *Results*: Met — Pitched an NBA team for a minority position. Designed a legal structure for a NBA minority position. Developed, launched, & executed KH Accelerator. Negotiated a purchase of a Big3 team.

***DAO Operations (Communications)***

*Goal*: Keeping Krause House ticket holders informed.

***System Development***

- Develop a process for who, what, when, & how weekly communications are delivered.
- *Results*: Met — This could be better, as Discord is a terrible platform to disseminate information to ticket holders. However, at weekly Townhalls ticket holders were kept up-to-date with latest information as well as via the KH DAO podcast.
- Accountability process for ensuring the communications are delivered.
- *Results*: Not Met — This was done ad hoc via the Townhalls and KH DAO Podcast.
- Develop a process for who, what, & how Season Kick-Offs are delivered.
- *Results*: Not Met — We veered away from tight Season’s, but this was not prioritized nor met.
- Accountability process for ensuring Season Kick-Offs are delivered.
- *Results*: Not Met — This was deprioritized during these 4 months, but weekly Townhalls were added to supplement communications.

***DAO Operations (Legal)***

*Goal*: Krause House’s legal strategy is well understood & executed where appropriate.

***System Development***

- Develop a process to determine who should be involved with legal discussions.
- *Results*: Met — A lawyer has been retained at the social DAO level. Samir has been put on a stream for our NBA minority ownership position. Dog & Lewwwk assisted with broader legal strategy for entity selection.
- Develop a process for communicating legal strategy, risk, & changes to the community.
- *Results*: Met — This was delivered weekly within the Townhalls.
- Develop a process to share knowledge from a legal team to relevant teams.
- *Results*: Met — This is incredibly challenging. Something we learned this season is that we have to be selective of how, when, & why we apply legal research to a particular problem. We implemented a process to request a legal budget for those situations.

***DAO Operations (Finances)***

***Goal*:** All financial obligations are managed & executed.

***System Development***

- Develop a process to track financial obligations & expenditures.
- *Results*: Met — Developed a Google Sheet tracking all transactions with context. Filled in monthly the Notion table that was developed in parallel. Also commissioned a financial planning prototype.
- Develop a system to provide error free payment handling.
- *Results*: Met — Used Utopia to track payments + hold the appropriate records and context for the transactions.
- Develop a process for accounting and/or tax obligations.
- *Results*: Met — We’re using Utopia to handle all contributor payments with metadata to better track our accounting records.

***DAO Operations (Escalated Support)***

- *Goal*: Take care of anyone in a situation requiring a material cost to the DAO.

***System Development***

- Develop a process for escalated support issues touching NFTs, tokens, or lost ETH.
- *Results*: Met — Helped coordinate with folks who were owed a ticket.
- Develop a transparent & efficient process to resolve these issues in a satisfactory way for the DAO.
- *Results*: N/A — We didn’t really need to accommodate these at scale.

## Flex (Jan - April 22)

### Systems & Performance

Summary:

Pitch 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.

***DAO Operations (Responsibility)***

*Goal*: Engage materially important issues & opportunities that arise for the DAO on all known + unknown fronts.

***System Development***

- Develop a process to delegate emergent problems & opportunities to teams / individuals that are best suited to handle on a case-by-case basis.
- *Results*: Met — Pitched an NBA team for a minority position. Served as product liaison with lead engineer to research & design internal tools, NFT project (NBA Player / Team), and analytics platform. Negotiated a purchase of a Big3 team.

***DAO Operations (Communications)***

*Goal*: Keeping Krause House ticket holders informed.

***System Development***

- Develop a process for keeping community members informed on current projects and initiatives
- *Results*: Met — Delivered via weekly podcast and townhalls after stewards meeting
- Accountability process for ensuring those communications are delivered
- *Results*: Met — For the first month, we were still trying to develop this process. Moving podcast to weekly versus ad hoc and townhalls to weekly allowed members to receive communication regularly via sync and async channels.

***DAO Product and Services***

*Goal:* Help develop digital product strategy for Krause House and it’s interdependent SubDAOs.

***System Development***

- Develop a process for assembling and managing product teams
- *Results*: Not Met — Team formation behavior to be more emergent than concrete. While some roles, such as engineering, cut horizontal across multiple initiatives, others are more vertically integrated depending on the project.
- Develop a process for determining a digital product strategy with team leads
- *Results*: Met — Regularly scheduled meetings and discord comms take place to define and adapt strategy for all product-related initiatives.
- Develop a process of researching, creating, and testing how each part of a sports team can be decentralized.
- *Results*: Met — The Decentralized Sports Operations (DSO) was established earlier this year and has produced a variety of research and documentation around the value proposition of leveraging distributed talent to help with team and player development, media, and fan engagement via economic membership.

***DAO Growth***

*Goal:* Facilitate growth opportunities that will further awareness and legitimacy for The Krause House

***System Development***

- Develop a process to build and retain relationships with current and prospective partners
- *Results*: Met — Conditionally met with means for improvement. Although we established a Partner Operations model which included email templates and a CRM, there still could be more structure around overall partner strategy.
- Develop a process to enable cross-DAO synergies with prominent or value-aligned DAOs
- *Results*: Met — In addition to regularly scheduled twitter spaces with prominent DAOs such as SeedClub, Cabin, etc. We are currently in-process of forming a Social DAO Token Alliance with the most prominent social communities in Web3 including Bankless, Forefront, Cabin, etc.

## Mario Lopes (Jan - April 22)

### Systems & Performance

Summary:

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.

[360 Feedback](https://docs.google.com/spreadsheets/d/1qPMAKm7bmjYGIRx3-51dGKHl-bAI_8bkNrKteyrBwD4/edit#gid=1592310885)

***DAO Treasury***

*Goal:* Help build a mix of treasury diversification and treasury activities that enable the treasury to withstand a bear market while still providing growth opportunities.

- *System Development:*
- Develop treasury building strategies through DAO owned liquidity (via Olympus Pro).
- Develop a line of DAO treasury building services such as DAO2DAO tooling, DAO onboarding services & consulting for relevant KH JVs.
- *Results*: Met (contingent legal set up) – Worked with Kris + Magnus to bring forth a passive yield strategy on Bancor. Developed a KH product known as MyJerry that will be launched in S4 & will sell services to basketball partners.

***DAO Community***

*Goal:* Foster and grow the Krause House DAO community and keep the community engaged.

- *System Development:*
- Develop a process that allows all levels of member interests & skill sets to contribute to the DAO and help maximize DAO intelligence.
- Develop a process that helps keep the community engaged and informed on a weekly basis.
- Develop a system that allows the DAO to recruit talent to fill knowledge and execution gaps.
- Develop a process that allows the DAO to maximize it’s basketball intelligence.
- *Results*: Met – Launched weeklyish podcasts + newsletters for members to stay up to date. Held group calls + 1on1s with new & existing members looking to learn more & contribute. Connected member interests & skills to different projects across the DAO. Performed outbound recruiting to fill execution gaps such as KH University, Treasury & Event Planning.

***DAO Partnerships***

*Goal*: Facilitate partnership opportunities that will lead to wider brand awareness and legitimacy for The Krause House

- *System Development*:
- Develop a system for the DAO to track, follow up, and close, inbound and outbound leads that are inline with the DAO partnerships roadmap.
- Develop a process that enable cross-DAO synergies with prominent or value-aligned DAOs.
- *Results*: Met – CRMs were developed to track, follow up, and close, inbound and outbound leads but was lightly used (NFT NYC + KH DAO). Partnerships team relied on old CRM habits and clear communication across teammates to manage partner relations. Looking to improve CRM habits and leverage this tool across partnerships team in Season 4.

***DAO Marketing*(Communications)**

*Goal*: Help keep the general public informed and grow awareness of the Krause House brand.

- *System Development*:
- Develop a system for managing the Krause House Discord, Twitter and Instagram accounts and marketing externally.
- Develop a system for marketing events and opportunities internally within the DAO.
- Develop a process for assembling and managing marketing teams
- *Results*: Not met - Instagram. This was delegated. Met – A system was developed (Airtable) and passed onto to media teams to track Discord + Twitter communications. Note: the system was delegated and adjusted to meet future media team needs. Recruited strong media members such as Kitty, Brill & Bayesian.

# Going Forward

## Commodore

*Overview*

Provide leadership & continuity for Krause House DAO by delivering on legal, operational, & financial engineering for ownership positions.

- 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

## **Mario**

*Overview*

Provide community leadership and provide continuity for the Krause House DAO by working to build a scalable community and brand.

Systems to be scoped & scaled:

- 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

### Systems & Performance
**Project Management**
- *Goal:* Develop the next cohort of leaders in KH
- *System Development:*
- Develop a program for DAO members to learn how to build DAO leadership skills and also the tools to successfully manage projects
- Develop sync and async material (basically KH accelerator but internal for our Project leads & anyone else that wants to learn)

**DAO Treasury**
- *Goal:* Help build a mix of treasury diversification and treasury activities that enable the treasury to withstand a bear market while still providing growth opportunities.
- *System Development:*
- Develop treasury building strategies through DAO owned liquidity (via Bancor).
- Develop a line of DAO treasury building services such as DAO2DAO tooling, DAO onboarding services & consulting for relevant KH JVs.

**DAO Community**
- *Goal:* Foster and grow the Krause House DAO community and keep the community engaged.
- *System Development:*
- Create different onboarding paths for fans vs contributors based on their interests
- Develop a process that allows all levels of member interests & skill sets to contribute to the DAO and help maximize DAO intelligence.
- Develop a process that helps keep the community engaged and informed on a weekly basis.
- Develop a system that allows the DAO to recruit talent to fill knowledge and execution gaps.
- Develop a process that allows the DAO members to contribute meaningfully as a fan and/or contributor to our ownership position in the BIG3 Ball Hogs .

**DAO Partnerships**
- *Goal*: Facilitate partnership opportunities that will lead to wider brand awareness and legitimacy for The Krause House
- *System Development*:
- Onboard new partnerships team members to assist with managing partner relations
- Develop a system for the DAO to track, follow up, and close, inbound and outbound leads that are inline with the DAO partnerships roadmap.
- Develop a process that enable cross-DAO synergies with prominent or value-aligned DAOs.

**DAO Marketing** (Communications)
- *Goal*: Help keep the general public informed and grow awareness of the Krause House brand.
- *System Development*:
- Develop a system for managing the Krause House Discord, Twitter, Instagram, + Youtube accounts and marketing externally.
- Develop a system for marketing events and opportunities internally within the DAO.
- Develop a process for assembling and managing marketing teams

**Knowledge**
- *Goal*: Assist in managing KH University and creating content leading to higher web3 adoption + increased basketball fan base + develop a more educated DAO membership
- *System Development*:
- Develop a platform that teaches users about Krause House, web3 and basketball
- Record podcast segments with Uncle Jon called “Dumb Questions with Uncle Jon / KH for Dummies” to go over basketball and web3 concepts

**Fan Engagement**
- *Goal*: Deploy and manage MyJerry, a KH product for KH community members & basketball fanatics to enjoy
- *System Development*:
- Develop instructional content for users that are easily digestible for new-to-web3 users
- Build a team to help manage MyJerry Quests + allocation of Jerry Points from the DAO
- Develop a system for reviewing user + partner feedback
- Whitelabel the product for other basketball companies

**International League Exploration**
- *Goal*: Support International League Exploration team with engagements and also help foster collaboration with other DAO pods when necessary
- *System Development*:
- Develop a framework for escalating opportunities to the broader community + Stewards
- Build upon the existing International League criteria + develop a structure for writing proposals and evaluating opportunities

**Venture Fund (DIO)**
- *Goal*: Provide & evaluate deal opportunities to the DIO team
- *System Development*:
- Assist in developing a process that feeds deal opportunities to the DIO