Hi @PennBlockchain,
From our research the pricing is comparable with industry norms, we are assembling market research on spending for events of various types, hackathons, conferences, workshops, offsites.
It is hard to compare, as each event type has many variables:
- Number of people
- Number of days
- Food provided/or not
- Swag and other merch
- Are prizes, and scholarships included in the total
- Is it co-funded with other sponsors
- What are the specific costs local to different countries
- Different event types have different complexity and requirements from the delivery team, i.e. a conference vs hackathon vs a high-end strategic facilitator and co-facilitators with domain knowledge of blockchain, DAO and governance knowledge.
Industry information on these kinds of specifics is partial at best, or aggregated up as a total spend on their Forum, Snapshot or Tally posts or hard to determine and get a breakdown when reading various Foundation’s annual reports. I.e. here is the spend by the Filecoin Foundation (annual report):
$17.1M on community building and events, but no ability to get event-by-event breakdown of costs. It is evident however that Arbitrum is comparatively underspending by a large amount in this area compared with our competitors and others ecosystems.
@PennBlockchain to clarify the $450k is for 3 events with a smaller number of attendees (60-80 ppl) + there is $108k base for the year long program, vs $262k a single larger event (~150 ppl).
Here is one comparison from another ecosystem for market pricing:
UniSwap - GovSwap yearly programme of 3 IRL events + online year-round admin, program management and facilitation $885k - proposal this proposal passed and is in effect.
We’ll share more market-wide analysis once this is completed.
@duokongcrypto a practical operational point we want to make is with each GovHack we ask for at least what is required in our estimation to run the event so as not to get caught short, then document actual costs transparently and return unused funds to the DAO. The DAO has trusted us to execute with that model previously and we have upheld that trust and believe this model to be workable.
Here is the actual breakdown of costs for GovHack ETHcc.
Running a GovHack in Bangkok will be cheaper than Brussels or Denver, however it is not known right now how much cheaper without doing significant research and contact with local suppliers. We need the DAO to indicate with voting in the first instance if we want to run an event pre-Devcon before doing that work.