It is really unfortunate that it took this long to propose this. The Ohmies attacked Danielle, and I think he would have been a great ally for Olympus, but we as a community fumbled that. From his comments and interviews his views have turn sour or at least not as interested in Ohm as he was.
OIP-41 - Launch Olympus Incubator program
Speaking the truth. Thank you for taking the time to write.
In general successful risk money VCs / angels succeed because they look through hundreds of teams. The scope of the Ohm incubator is too narrow to get the VC math to work out and have the required deal flow.
In trad tech world grant programs have been a bit of a hit and miss and most orgs try and get out of early stage incubating because they a) don't get the best dealflow b) can misalign the team to focus on building for the investor rather than for growth b) can't get the VC math to work because of the narrowed scope (only invest in areas that benefit us).
That said doling out a bit of money to support Ohm aligned teams that build new primitives / integrations can be a good marketing effort and incentive to help people build around Ohm at this phase. Just better assume it all goes to zero.
Mark11 Hi Mark11, thank you for your detailed and thoughtful reply.
I've read through the updated proposal and I think the additional details you have laid out are fantastic and will go a long way to allaying any fears ohmies may of had. I am particularly grateful for the the specified DAO budget, and financial risk controls - thank you.
Its wonderful to see how responsive the DAO is to community feedback. I only have one final question, how can I help make this program a success? I am already a member of the DAO, will there be a dedicated incubator channel I can apply to?
gnostication lots of very valid points raised.
Sounds good
With all the scam Ohm forks around, it would be nice to have an official incubating program for Ohm.
Each project would receive a watermark as a sign of verification.
14 days later
I think this is outside the scope of Olympus as a reserve. We should focus on obtaining producing assets over speculative ones. Additionally I think that it would be advantageous to make it so that the dao does not require community involvement to correct decisions, that is a recipe for mishaps.
I do like the idea, perhaps an alternative would be an Olympus product which opens up crowd funding opportunities for ohmies, but without risk to treasury funds.