Arbitrum Ventures Initiative Hub

General
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Good day Arbitrum DAO,

We are on schedule to achieve our pilot goals by the designated completion date of November 2024 and are pleased to share our September updates.

First and foremost, we aim to ensure that your input is recognized. If you’d like to make a referral for our market consultation interviews, please do so through our referral link (https://link.farstar.co/avi). We are focusing on:

  • Projects and protocols in the Arbitrum ecosystem that are actively raising or planning to raise funds
  • Investment teams already active or interested in allocating capital across different stages within the Arbitrum ecosystem

Update 3 Tl;dr

  1. Commencement of market consultations

  2. Development and market validation of investment thesis

  3. Development and feedback collection for key assets:

    a. portfolio construction draft

    b. directional snapshot draft

  4. Production of DAO engagement content

  5. Introduction of Office Hours

Further Details

Market consultations

Market consultation interviews started on Wednesday, 18th September, with five VC interviews completed. We are in the process of scheduling 10 additional VC interviews, along with 20 builder team interviews.

During these interviews, we are collecting feedback on key points of the market consultation deck from industry experts (deck: https://link.farstar.co/avi-consultation-deck). The insights gathered will be compiled into a report on ventures in Arbitrum to keep the community informed about stakeholder needs.

We still have capacity for referrals, so please refer to us via our referral link (https://link.farstar.co/avi):

  • Projects and protocols in the Arbitrum ecosystem that are actively raising or planning to raise funds

  • Investment teams already active or interested in allocating capital across different stages within the Arbitrum ecosystem

Investment thesis and key assets

In September, we’ve continued refining the investment thesis report and validating it with market feedback. For reference, please review slides 2, 3, and 4 of the linked deck. We will be using the feedback from our market consultations to further refine the thesis and aim to provide a public draft in October which will be shared with stakeholders.

We have also developed key assets, such as the portfolio construction draft (see slides 5 and 6 of the deck), and gathered feedback on them. The directional snapshot draft is being finalized, with calls scheduled to gather preliminary feedback.

DAO engagement content

We have produced educational content for the DAO, starting with AVI’s first Community call, which covered various venture capital fund structures. Building on this progress, we are scheduling our next call and wrapping up an article discussing evergreen ecosystem funds.

Additionally, we are setting up thesis workshops with the DAO for the coming weeks, and will soon launch a hub to centralize all educational materials and reports. The Education Hub should be live by the end of the week, with the link provided in the main post above.

Office Hours Call

To further enhance DAO engagement, we introduced monthly Office Hours where we share updates and gather insights to guide our work. Our first Office Hours call led to the following key takeaways:

  • We will clarify our approach, including research methods and validation in a post to be shared in the Education Hub.
  • We will create a document to elaborate on our thesis and its three primary goals:
  • Stimulate demand for blockspace by supporting early-stage teams, product onboarding, and growth.
  • Increase revenue for Arbitrum DAO, particularly from more established teams.
  • Leverage external capital to support the broader ecosystem.
  • We will provide a public summary of our initial research interviews (discovery interviews) once we have properly anonymized the content. It will provide an overview about the type of interviewee, the date of the interview, and key insights

October’s Agenda

  1. Complete Market Consultation interviews with 10 additional VCs and 20 builders.
  2. Iterate the investment thesis and strategy report accordingly with the feedback from the market consultations.
  3. Produce public draft to be shared with stakeholders
  4. Run Thesis workshop call(s) with the DAO.
  5. Collect feedback on key assets
    a. Thesis and strategy draft
    b. Portfolio construction
  6. Share the Directional Snapshot Proposal and engage with delegates for feedback.

Additional Resources

18th Reporting Call Outline
Market Consultation Deck
Tally Vote