OIP-41 - Launch Olympus Incubator program

Mark11

I think this is a good ideal, but also see it as a way to slowly bleed the treasury. $250k is a not insignificant amount of money.

Is OHM to be used for high-risk VC activities now, and deviate from its focus as a risk-mitigated reserve currency? Also, what additional burden does this place on the core DAO team? What kind of vetting for each project will be required? This proposal carries an entirely new set of work load as a result of the new line of business.

I'm a fan of helping the community out. This feels more like a manic urge to enter high-risk arena with little benefit.

Not a big fan of the proposal. Things need more clarification.

- The opportunity we invest in / thesis here should be explained better. Now it's fairly open ended.

- No upper limit on spending (cap on amount of projects, etc). VC math needs to be worked out or run this as a trial of X amount of projects where the expected value is 0. Or put it off completely as a marketing effort with a budget similarly to grant programs.

- Bleed on the market. The projects dumperino (yes they will).

- Potentially skews incentives. Teams should come to Olympus products because they want them, not because we fund them.

In general there's unlimited risk money in crypto including, professional funds, unprofessional funds, angels, the public, DAOs and valuations can be sky high. Not a business I'd want Olympus to be in.

Thanks for putting this forward. I want to vote yes for this, since it is a good idea. But I also want more community involvement. Saying yes to it without any involvement in the selection process for the "incubees" feels odd to me. Nothing against the Strategos, but it's just that the ask seems a bit like a stretch.

What I mean is: If the idea is for this to occur so frequently that it makes OIP votes undesirable, then in that case, at least in my view, either:

A- 250k is too big of an amount per project without more community scrutiny, especially if confidential information is to be part of the agreements, as it is likely to be expected. I understand the reason for confidential parts of an agreement, but (IMHO) in that case a possible solution is that the "pre-authorized" sum could be lower so as to preserve the DAO OHM reserves. An optional expansion of the incubee distribution could then be subjected to an OIP for projects that seem specially beneficial to the DAO as evaluated by the rest of the community. Or we could set up a milestone framework for all agreements, to be able to stop funding towards any project that is not meeting expectations.

or

B- It means taking we're too many incubees right off the bat and exposing the DAO to a lot of risk that might be unnecessary. Proposed solution in this case is to be more selective and subject incubees to a OIP vote where the value of their proposal is to be assessed by the DAO community

I guess my main question is: How many projects can we expect per "round" of 4-6 months? Is there a preliminary list of projects? No need to post specifics, but just a ballpark figure or an estimation of the number of projects that are to be expected would be really helpful to estimate how much OHM reserves the DAO is exposing by saying "Yes", since we are talking about n*250k and that's a very different number if n=10 than if n=200.