I am voting ABSTAIN on this proposal.
I really like the idea. We should pursue the venture investment thesis for our DAO. We are in a phase of our industry mature enough in which this is doable.
Just, I think this pilot phase as it is doesn’t make too much sense.
If I read both the current AVI proposal that has been published in snapshot just a couple of days ago, compared to the tally m&a proposal already approved, this is what we can read.
- In the M&A proposal we have: value upside analysis […], Assessment […], Facilitating interactions across the DAO […] strategic analyses of target areas […], Integration options […]
- In the AVI proposal we have: The outcome of this pilot proposal is to produce a detailed investment thesis, market consultation findings, community engagement feedback, strategic recommendations, and an operational plan.
This clearly shows for the AVI initiative not only very similar deliverable of the M&A, but also a very similar semantic, without the specificity (not reported here but available in tally) of the specific, different field: ventur capitalism. Amost a 1:1 overlap, up to the point in which in the AVI initiative there is also the willingness to have an IRL event much as in the m&a initiative that will participate to GovHack at EthCC.
The above is especially true when i read about new initiatives such as Elixir which adds a lot of detail to the venture considerations, despite being a younger one.
And speaking about Elixir, another thing to consider, which could be secondary but worth some reflection, is how AVI proposes to “funding and oversee” eventually initiatives like this one and others in venture capitalism, without really providing any meaningful detail.
Don’t get me wrong: i am ok in AVI going for a pilot phase, I am ok with it doing also an IRL event, much as m&a. The fact that the structure is a copy carbon can likely mean that the pilot phase for this type of initiatives should be structured this way.
But to me it just seems strange that the outcome is exactly framed in the same way as the m&a activity without the same specificity for its specific field - being in the venture capitalist industry -.
If I also look at the cost being double, $99k, compared to the $52k of m&a, it raises even more doubts for me.
I don’t know if the proposal will go through or not. My hope is that, if it goes through, the above will be addressed before tally at least.
Let me reiterate again: I think this is a good idea for our dao, and i think there are differences compared to m&a and, partially, with gcp. I just think we need to better tailor the initiative.
Finally, just to be crystal clear and shred any doubt: i have actively participated to the m&a working group, but i am not currently part of areta which is leading that initiative. So I am relative neutral to this, and giving opinion mostly from the standpoint of an arbitrum builder looking at the future of arbitrum. Yes, let’s do venture, but let’s do it in the right way.