The OpCo - To Scale, Structure, & Synergize
TLDR: THIS IS VERY MUCH A WIP, BUT LETS START THE DISCUSSION 
Creating an Operation Company (OpCo) laser-focused on driving growth, fostering collaboration, and creating onchain experiences, will supercharge the Arbitrum ecosystem’s growth, lower coordination costs, and cement its position as the leading L2.
The OpCo’s mandate is ambitious yet achievable: attract and nurture top-tier talent, boost agility and efficiency, catalyze ecosystem expansion, amplify brand presence, forge strategic alliances, engage and support the vibrant Arbitrum community, and continuously adapt to the ever-changing needs of the ecosystem. Guided by an elected board’s wisdom and unwavering commitment to transparency, the OpCo will serve as a powerful catalyst for innovation and value creation.
With a well-defined roadmap and a budget of 25 million $ARB over two years, the OpCo is poised to unlock the boundless potential of the Arbitrum DAO. 
To start, we are going deep into the mandates the OpCo will have. Then, we will roll up to generics as we get closer to the company charter, but I think it’s important we agree on responsibilities first. We have included the higher-level mandates in-line, but for further drill-down, I recommend starting here.
︎ HackMD Mandate Exploration 
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Thanks!
Introduction:
The Arbitrum ecosystem has witnessed remarkable growth and adoption since its genesis, highlighting the immense potential of layer 2 scaling solutions in facilitating fast, cost-effective, and secure transactions on the Ethereum network. As the ecosystem expands, the Arbitrum DAO encounters increasingly complex challenges in managing operations, driving innovation, and ensuring sustainable growth. To tackle these challenges head-on and unlock new frontiers of opportunity, this AIP proposes the creation of an Operation Company (OpCo) to support the Arbitrum DAO and complement the Foundation.
The OpCo will serve as the execution arm of the Arbitrum DAO, collaborating closely with the Arbitrum Foundation to bring to life the strategies and initiatives set forth by the DAO’s governance process. By establishing a dedicated entity singularly focused on operational excellence, the Arbitrum DAO can significantly enhance its agility, efficiency, and impact on the ecosystem.
The OpCo’s primary objectives include attracting and retaining top talent, improving operational agility, scaling the DAO’s impact, enhancing visibility and influence, and ensuring accountability and alignment with the Arbitrum DAO’s goals. By leveraging the OpCo’s streamlined decision-making processes and dedicated resources, the Arbitrum DAO can quickly adapt to emerging opportunities, proactively address challenges, and maintain its competitive edge in the rapidly evolving blockchain landscape.
Creating an OpCo is a strategic imperative for the Arbitrum DAO to navigate the complexities and capitalize on the opportunities of a dynamic ecosystem. By synergizing the agility and efficiency of a focused operational entity with the collective wisdom and inclusivity of decentralized governance, the Arbitrum DAO can unlock its full potential and drive meaningful, long-term value for its community and the broader blockchain industry.
Abstract:
This AIP proposes the creation of an Operation Company (OpCo) to support the Arbitrum DAO and Foundation in fostering the growth and development of the Arbitrum ecosystem. The OpCo, led by an elected board of ecosystem participants, will hire full-time contributors, improve operational agility, and scale the DAO’s impact through enhanced collaboration, resource allocation, and visibility. The AIP requests a budget of 25 million $ARB to cover the OpCo’s setup costs and operational expenses for the first two years.
Motivation:
Motivation:
Creating an Operation Company (OpCo) is a strategic imperative to drive the Arbitrum DAO forward in an increasingly competitive landscape. This comprehensive framework empowers the OpCo to identify and target critical areas or mandates where it can deliver maximum value to the Arbitrum DAO and its community.
The Arbitrum DAO faces several challenges today, which the OpCo aims to address:
- Lack of dedicated resources to execute strategies and initiatives efficiently
- Difficulty in attracting and retaining top talent across critical functions
- Limited agility in adapting to the rapidly evolving needs of the ecosystem
- Insufficient coordination and collaboration among ecosystem participants
- Inadequate performance tracking and transparency in DAO activities and resource utilization
- Suboptimal community engagement and support for new members and projects
The OpCo’s agile structure catalyzes growth, fostering synergies across the ecosystem and attracting a diverse array of stakeholders united by a shared vision. By forming the Arbitrum Protocol Guild, the OpCo will coordinate and support the core protocol teams building the Arbitrum technology stack, driving innovation, and solidifying Arbitrum’s current position.
The OpCo’s mandate to implement robust on-chain performance tracking and transparent reporting mechanisms will significantly enhance the Arbitrum DAO’s accountability and credibility. By leveraging data analytics and clear metrics, the OpCo will provide stakeholders with unparalleled insights into the DAO’s activities, performance, and use of funds, strengthening trust within the community and attracting a wider pool of contributors and investors.
The OpCo’s unwavering focus on community engagement, onchain experiences, and support will be the bedrock of Arbitrum’s long-term success. By delivering comprehensive onboarding resources, fostering a vibrant and inclusive community, and actively seeking and implementing feedback, the OpCo will cultivate a loyal and passionate user base that is genuinely invested in the future of the Arbitrum ecosystem.
In essence, the OpCo represents a transformative leap forward for the Arbitrum DAO, empowering it to navigate the challenges and seize the opportunities of a rapidly evolving landscape. By combining the OpCo’s operational prowess with the DAO’s decentralized governance, Arbitrum will be poised to thrive in the Web3 era.
Rationale:
The establishment of an Operation Company (OpCo) is perfectly aligned with the Arbitrum community’s mission and guiding values, serving as a catalyst for growth, inclusivity, and innovation within the ecosystem.
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Transparency and Accountability: The OpCo ensures transparency, accountability, and effective decision-making at scale, harmonizing seamlessly with Arbitrum’s ethos of decentralization.
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Inclusivity and Accessibility: By fostering diversity and inclusion, the OpCo creates a vibrant and welcoming community that empowers users from all backgrounds to participate in the growth of the Arbitrum ecosystem actively.
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User-Centric Focus: The OpCo’s unwavering commitment to serving the needs and interests of users ensures that the Arbitrum ecosystem remains user-centric at its core, fostering trust and loyalty among the community.
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Open Collaboration and Innovation: By maintaining a neutral stance and promoting open collaboration, the OpCo cultivates an environment where groundbreaking projects and partnerships can thrive, pushing the boundaries of decentralized finance.
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Alignment with Ethereum: The OpCo’s efforts to drive adoption, collaboration, and innovation within the Arbitrum ecosystem ultimately benefit Ethereum as a whole, contributing to the growth and success of the broader Ethereum community.
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Sustainable Growth: The OpCo enables the Arbitrum DAO to make strategic, long-term decisions and investments that promote the ecosystem’s sustainable growth, ensuring that initiatives are designed for lasting impact.
The creation of the OpCo is not merely aligned with the Arbitrum community’s mission and values – it is a natural and necessary extension of them. By providing a dedicated entity to drive the DAO’s operational and ecosystem growth initiatives, the OpCo will serve as a powerful tool for helping the Arbitrum community achieve its goals while staying true to its core principles of decentralization, inclusivity, and innovation.
Key Terms:
TBD - Still working on this graphic (Click Here to Expand)
If you want to play with the mermaid
Markdown Here
Specifications:
Mandates for the Arbitrum OpCo:
1. Talent Acquisition and Program Management
- Recruit and hire full-time contributors across critical functions (e.g., project management, marketing, business development, legal, technical support)
- Develop and implement HR policies and procedures to ensure a diverse, inclusive, and high-performing team
- Provide competitive compensation and benefits packages to attract and retain top talent
Talent Acquisition and Program Management
- Overview: Recruit and retain top talent to support the DAO’s operations and growth
- Objectives: Identify critical functions, develop targeted recruitment strategies, foster a diverse and high-performing team, and provide competitive compensation
- Strategies: Implement a multi-faceted approach to talent acquisition, leveraging both traditional and decentralized methods
- Key Performance Indicators (KPIs): Time-to-hire, diversity and inclusion metrics, employee engagement and satisfaction, retention rate, and percentage of roles filled through referrals
- Roadmap: Conduct talent needs assessment, implement inclusive HR policies, launch a competitive compensation and benefits program, and continuously evaluate and refine efforts
- Resources: Dedicated in-house HR and recruitment team, budget allocation for job board postings and events, and access to HR management software and applicant tracking systems
2. Arbitrum Ecosystem Coordination
- Collaborate with the Arbitrum DAO to facilitate and coordinate support for key activities and initiatives
- Formation of the Arbitrum Protocol Guild (Core Protocol Teams building the Arbitrum Tech Stack)
Arbitrum Ecosystem Coordination
- Overview: Streamline support for key activities and initiatives within the Arbitrum ecosystem
- Objectives: Collaborate with the Arbitrum DAO, assist in forming the Arbitrum Protocol Guild, and address challenges related to governance, legal and regulatory uncertainties, and technical and security issues
- Strategies: Implement a multi-faceted approach to ecosystem coordination, leveraging clear objectives, community engagement, and collaboration
- Key Performance Indicators (KPIs): Number of successfully coordinated initiatives, level of community engagement, number of innovative solutions developed, reduction in legal and regulatory risks, and improvement in technical performance and security measures
- Roadmap: Develop clear objectives and guidelines, initiate the formation of the Arbitrum Protocol Guild, implement community engagement and innovation initiatives, and address challenges and refine coordination strategies
- Resources: Dedicated team within the OpCo focused on ecosystem coordination, budget allocation for incentive programs and collaborative tools, and partnerships with key stakeholders
3. On-Chain Performance Tracking
- Implement robust performance monitoring processes to track the OpCo’s progress against its mandates
- Oversee Data and Analytics teams to increase transparency and accountability for different initiatives the DAO has and will conduct.
- Manage funding and resources received from the Arbitrum DAO to ensure legitimate and effective utilization (for initiatives within the OpCo’s remit)
- Produce detailed budgets, work plans, and success metrics to guide the planning and execution of initiatives in each domain (frameworks baby)
On-Chain Performance Tracking
- Overview: Implement robust performance monitoring processes, oversee data and analytics teams, manage funding, and produce detailed budgets and success metrics
- Objectives: Implement performance monitoring, oversee data and analytics teams, manage funding and resources, and produce detailed budgets and success metrics
- Strategies: Establish a comprehensive on-chain performance tracking framework
- Key Performance Indicators (KPIs): Percentage of OpCo activities recorded on-chain, accuracy and timeliness of automated performance reports, stakeholder satisfaction, percentage of funds allocated and utilized in accordance with DAO governance, and achievement of defined success metrics
- Roadmap: Establish the on-chain performance tracking framework, build and train the data and analytics team, implement transparent funding management and resource allocation, and develop and monitor budgets and success metrics
- Resources: Dedicated data and analytics team, budget allocation for blockchain analytics tools and data infrastructure, and partnerships with leading blockchain analytics providers and auditing firms
4. Transparency & Analysis
- Organize and publish regular reports to keep the Arbitrum community informed about the DAO’s activities, performance, and use of funds
- Ensure transparency by making outcome data and progress against goals readily available for public consumption
- Regularly assess the OpCo’s performance and identify areas for improvement
- Set measurable objectives for OpCo-led initiatives and track performance to ensure intended domain-specific outcomes are achieved
Transparency & Analysis
- Overview: Enhance the Arbitrum DAO’s transparency, accountability, and credibility through comprehensive reporting and analysis
- Objectives: Organize and publish regular reports, ensure transparency of outcome data, assess the OpCo’s performance, and set measurable objectives for OpCo-led initiatives
- Strategies: Implement a structured approach to reporting, data transparency, performance assessment, and objective setting
- Key Performance Indicators (KPIs): Frequency and timeliness of published reports, percentage of data and metrics made publicly available, community engagement with reports, performance against established KPIs and objectives, and stakeholder satisfaction
- Roadmap: Establish reporting framework and performance assessment processes, implement data transparency and accessibility measures, conduct performance assessments and gather community feedback, and set measurable objectives for OpCo-led initiatives
- Resources: Dedicated team responsible for report generation, data management, and performance tracking, budget allocation for data platforms and analytics tools, and partnerships with data privacy and security experts
5. Decentralized Objective Setting
- Work with Arbitrum DAO stakeholders to determine clear objectives for each key domain the OpCo will focus on (e.g., ecosystem growth, partnerships, etc.)
- Engage the broader Arbitrum community in setting ambitious yet achievable targets to guide the OpCo’s efforts
- Determine the personnel, resources, and level of effort required to achieve the OpCo’s domain-specific goals realistically
- Adapt strategies and initiatives based on changing ecosystem needs, market conditions, and technological advancements
Decentralized Objective Setting
- Overview: Engage stakeholders to set clear, measurable, and strategically aligned objectives for the Arbitrum DAO
- Objectives: Work with stakeholders to determine objectives, engage the community in setting targets, determine resources and effort required, and adapt strategies based on changing needs
- Strategies: Implement a structured yet flexible approach to decentralized objective setting that emphasizes community engagement, transparency, and adaptability
- Key Performance Indicators (KPIs): Percentage of community members actively engaged, alignment of objectives with the DAO’s mission, achievement of SMART criteria for each objective, resource utilization and efficiency, and agility in adapting objectives
- Roadmap: Identify and prioritize key domains, conduct stakeholder engagement and set SMART objectives, allocate resources and initiate objective pursuit, and monitor progress, gather feedback, and adapt as needed
- Resources: Dedicated team within the OpCo to facilitate stakeholder engagement and objective setting, budget allocation for community engagement initiatives, and collaboration tools and platforms to support decentralized decision-making
6. Marketing and Brand Awareness (Memetics)
- Execute comprehensive marketing strategies to increase awareness and adoption of Arbitrum’s technology and ecosystem
- Represent the Arbitrum DAO at industry events, conferences, and media opportunities
- Develop and maintain a strong brand identity that reflects the values and vision of the Arbitrum community
Marketing and Brand Awareness (Memetics)
- Overview: Increase awareness and adoption of Arbitrum’s technology and ecosystem through comprehensive marketing strategies
- Objectives: Develop and execute comprehensive marketing strategies, represent the Arbitrum DAO, and create and maintain a strong brand identity
- Strategies: Implement a data-driven marketing approach to optimize campaign performance
- Key Performance Indicators (KPIs): Increase in brand awareness and recognition, growth in website traffic and social media followers, engagement rates on published content, number of partnerships and collaborations established
- Roadmap: Develop comprehensive marketing strategy and establish key partnerships, launch “The Daily Ink” podcast and begin daily on-chain content production, represent Arbitrum DAO at major industry events, and evaluate marketing performance and refine strategies
- Resources: Dedicated in-house marketing team with expertise in crypto and blockchain, budget allocation for content production and partnerships, and access to analytics tools and marketing automation platforms
7. Governance Engagement
- Engage proactively with the Arbitrum DAO’s established governance processes to secure the grants and resources needed to deliver on the OpCo’s mandates
- Provide compelling budgets, program plans, and projected impacts to justify OpCo’s funding requirements if exceeding the budget allotted.
- Implement governance mechanisms that allow for community input and participation in the OpCo’s decision-making processes
Governance Engagement
- Overview: Engage proactively with the Arbitrum DAO’s governance processes to secure support and resources for the OpCo’s initiatives
- Objectives: Engage with the DAO’s governance processes, provide compelling budgets and program plans, and implement governance mechanisms for community input and participation
- Strategies: Adopt a proactive engagement strategy, present well-justified budgets and program plans, and foster an inclusive governance environment
- Key Performance Indicators (KPIs): Percentage of OpCo funding requests approved, level of community participation in governance mechanisms, alignment of initiatives with the DAO’s goals, transparency and accountability of governance activities, and stakeholder satisfaction
- Roadmap: Conduct a review of the DAO’s governance framework and begin stakeholder mapping, develop and submit program plans and budgets, implement inclusive governance mechanisms, and continuously engage with the DAO’s governance processes and refine the OpCo’s governance model
- Resources: Dedicated team within the OpCo focused on governance engagement and stakeholder management, budget allocation for community engagement initiatives and transparency tools, and partnerships with other OpCos and influential community members
8. Open & Competitive Service Provider Selection
- Establish clear metrics and engage service providers to measure performance and impact objectively
- Develop and manage an open, competitive process for engaging external service providers to support OpCo activities where specialized expertise is required (Where it is appropriate in lockstep with the ADPC)
- Ensure the selection of service providers is fair, transparent, and meritocratic to secure high-quality, cost-effective support (Where it is appropriate in lockstep with the ADPC)
Open & Competitive Service Provider Selection
- Overview: Ensure the selection of service providers is fair, transparent, and meritocratic to secure high-quality, cost-effective support
- Objectives: Establish clear metrics, develop an open and competitive process, ensure fair and meritocratic selection, and align with the Arbitrum DAO Procurement Committee (ADPC)
- Strategies: Implement a structured approach that prioritizes objective metrics, open competition, and alignment with the ADPC
- Key Performance Indicators (KPIs): Percentage of service providers meeting or exceeding performance metrics, cost savings or added value generated, diversity of service providers engaged, stakeholder satisfaction, and alignment with the DAO’s goals and values
- Roadmap: Establish performance metrics and develop the selection process framework, conduct the first round of open, competitive service provider selection, implement performance monitoring and feedback mechanisms, and refine the selection process and expand alignment with the ADPC
- Resources: Dedicated procurement team within the OpCo with expertise in service provider evaluation and management, budget allocation for RFP distribution and performance monitoring tools, and collaboration tools and platforms for transparent communication and record-keeping
9. Growth and Collaboration (Betting on Builders)
- Foster collaborations with projects, partners, and community members to identify and support high-potential initiatives
- Develop and manage strategic grant programs to fund projects that align with the Arbitrum DAO’s mission and values
- Organize hackathons, workshops, and other events to promote innovation and community engagement
Growth and Collaboration (Betting on Builders)
- Overview: Foster collaborations and support builders to drive innovation and growth within the Arbitrum ecosystem
- Objectives: Foster collaborations, develop and manage strategic grant programs, and organize hackathons and events to promote innovation and engagement
- Strategies: Implement a multi-faceted approach that focuses on identifying high-potential initiatives, building partnerships, managing grant programs, and organizing engaging events
- Key Performance Indicators (KPIs): Number of high-potential initiatives identified and supported, value of strategic partnerships formed, number and quality of grant applications received, success rate of funded projects, and participation and engagement metrics for events
- Roadmap: Establish the framework for identifying and supporting high-potential initiatives, develop and launch the strategic grant program, organize hackathons and workshops, and evaluate and refine growth and collaboration strategies
- Resources: Dedicated team within the OpCo focused on community engagement, partnerships, and event management, budget allocation for market research and grant funding, and collaboration tools and platforms
- Challenges and Mitigation Strategies: Address challenges related to regulatory clarity, governance and decision-making, smart contract vulnerabilities, and scalability by staying informed, implementing clear governance structures, conducting thorough audits, and investing in scalable infrastructure
10. Community Engagement and Support (Onboarding)
- Develop and implement community engagement strategies to foster a vibrant and inclusive Arbitrum community
- Provide support and resources to community members, including educational content, onboarding assistance, and technical support
- Gather and analyze community feedback to inform OpCo’s decision-making and prioritize initiatives
- Help new members navigate the ever-changing landscape of opportunities the Arbitrum DAO offers for projects at all stages of their lifecycle.
- Foster a culture of experimentation, learning, and innovation within the OpCo and the broader Arbitrum community
Community Engagement and Support (Onboarding)
- **Overview**: Build and maintain an engaged, inclusive, and well-supported Arbitrum community
- **Objectives**: Develop community engagement strategies, provide support and resources, gather and analyze feedback, help new members navigate opportunities, and foster a culture of experimentation and innovation
- **Strategies**: Implement a multi-faceted approach focusing on onboarding, education, technical assistance, feedback analysis, and fostering a culture of experimentation and innovation
- **Key Performance Indicators (KPIs)**: Number of new members onboarded, participation rates in educational initiatives, resolution time and satisfaction scores for technical support, volume and sentiment of community feedback, and number and quality of community-driven innovations and contributions
- **Roadmap**: Develop and launch the onboarding process and initial educational content, establish technical support channels and feedback gathering mechanisms, implement initiatives to foster experimentation and innovation, and analyze and refine community engagement and support strategies
- **Resources**: Dedicated community management and support team within the OpCo, budget allocation for educational content development and events, and technical infrastructure for onboarding and experimentation platforms
11. Strategic Partnerships (Business Development)
- Identify and pursue strategic partnerships with other blockchain projects, enterprises, and institutions
- Negotiate and manage partnership agreements that drive mutual value and support the growth of the Arbitrum ecosystem in partnership with the Arbitrum Protocol Guild and the Arbitrum Foundation
- Collaborate with partners on joint initiatives, such as research projects, product integrations, and co-marketing campaigns
Strategic Partnerships (Business Development)
- **Overview**: Identify and pursue strategic partnerships to drive growth and innovation within the Arbitrum ecosystem
- **Objectives**: Identify and pursue partnerships, negotiate and manage agreements, and collaborate on joint initiatives
- **Strategies**: Implement a structured approach to identifying, negotiating, and managing partnerships that align with the ecosystem's goals and values
- **Key Performance Indicators (KPIs)**: Number and quality of partnerships established, value generated through partnerships, successful execution of joint initiatives, partner satisfaction and retention rates, and contribution to the overall growth and success of the ecosystem
- **Roadmap**: Develop partnership criteria and best practices, identify and pursue initial partnerships, collaborate on joint initiatives with established partners, and expand and refine partnership strategies
- **Resources**: Dedicated business development team with expertise in partnership management and blockchain technology, budget allocation for industry events and joint initiatives, and collaboration tools and platforms
12. Administration & Sustainability
- Operate under the guidance of an elected board of ecosystem participants to ensure alignment with the Arbitrum DAO’s objectives (Codename: the Transitory Congress)
- Ensure the OpCo maintains the internal capabilities and talent required to deliver on its commitments to the Arbitrum ecosystem directly
- Maintain transparency through regular reporting on key performance metrics, initiatives, and financial status
Administration & Sustainability
- **Overview**: Ensure the OpCo maintains the internal capabilities and talent required to deliver on its commitments to the Arbitrum ecosystem
- **Objectives**: Operate under the guidance of the Transitory Congress, maintain internal capabilities and talent, and maintain transparency through regular reporting
- **Strategies**: Implement a well-structured governance body, focus on talent management and internal capabilities, and commit to transparency through regular reporting
- **Key Performance Indicators (KPIs)**: Diversity and expertise of the Transitory Congress members, alignment of OpCo activities with the DAO's objectives, talent retention rate and employee satisfaction, efficiency gains from streamlined processes, and timely and accurate reporting
- **Roadmap**: Establish the Transitory Congress and governance structure, assess and enhance internal capabilities and talent, develop and implement a comprehensive reporting framework, and evaluate and refine administration and sustainability practices
- **Resources**: Dedicated team within the OpCo focused on governance, talent management, and reporting, budget allocation for talent acquisition and professional development, and collaboration tools and blockchain-based accounting systems
By focusing on these core mandates, the Arbitrum OpCo will be well-positioned to support the growth, sustainability, and success of the Arbitrum ecosystem, while remaining accountable to the Arbitrum DAO and its community.
Steps to Implement:
1. Legal Entity Structure (TBD)
- Coordinate with legal counsel to determine the most suitable legal entity structure for the OpCo, considering factors such as liability, taxation, and regulatory compliance
- Explore the possibility of establishing the OpCo as a subsidiary of the Arbitrum Foundation to leverage their existing operations and banking relationships
- Draft and finalize the necessary legal documentation for the OpCo’s establishment
- Estimated costs: Legal fees for entity formation and documentation
2. Recruit OpCo Leadership (2-4 weeks)
- Hire a world-class Recruitment Manager to lead the OpCo’s hiring efforts
- Onboard a Director to oversee the OpCo’s overall strategy and operations
- Provide competitive salary and benefits packages for remote workers, ensuring the OpCo attracts top talent
- Estimated costs: Salaries for Recruitment Manager and Director, recruitment fees, and HR software subscriptions
3. Establish OpCo Policies and Procedures (2-4 weeks)
- Develop comprehensive HR policies, including employee handbooks, performance management systems, and diversity and inclusion guidelines etc etc (direct needs depend on jurisdiction but necessary nonetheless)
- Create financial management processes, including budgeting, accounting, and reporting
- Implement communication and collaboration tools to facilitate remote work and cross-functional teamwork
- Estimated costs: HR consulting fees, software subscriptions, and training expenses
4. Engage DAO for Role Identification (2-4 weeks)
- Collaborate with the Arbitrum DAO to identify critical roles needed to support the ecosystem’s growth and the DAO’s objectives
- Prioritize roles based on urgency and potential impact, considering areas such as marketing, partnerships, legal, and technical support
- Define job descriptions, qualifications, and performance metrics for each role
- Estimated costs: Internal staff time for coordination and planning
5. Conduct Recruitment and Onboarding (8-12 weeks)
- Launch recruitment campaigns for the identified roles, leveraging the Recruitment Manager’s expertise and network
- Conduct interviews, assessments, and reference checks to select the best candidates
- Provide comprehensive onboarding and training programs to integrate new hires into the OpCo and align them with the Arbitrum ecosystem’s goals and values
- Estimated costs: Recruitment fees, background checks, onboarding materials, and training expenses
6. Establish OpCo Governance and Reporting (4-6 weeks)
- Form an elected board of ecosystem participants to oversee the OpCo’s strategic direction and performance
- Develop governance mechanisms for the board, including voting procedures, term limits, and conflict of interest policies
- Implement regular reporting and accountability measures to ensure transparency and alignment with the Arbitrum DAO’s objectives
- Estimated costs: Governance consulting fees, board management software, and internal staff time for reporting
7. Continuously Assess and Optimize OpCo Performance (Ongoing)
- Regularly review the OpCo’s performance against key metrics and the Arbitrum DAO’s objectives
- Gather feedback from stakeholders, including the DAO, ecosystem partners, and users, to identify areas for improvement
- Adapt the OpCo’s strategies and initiatives based on insights and changing ecosystem needs
- Estimated costs: Internal staff time for performance management and continuous improvement efforts
Overall Cost:
The total cost to implement the AIP and establish the Operation Company (OpCo) is estimated to be 25 million $ARB covering 2 years. This budget covers both the initial setup costs and the recurring operating expenses for the first two years. The breakdown of the costs is as follows:
Totally threw some High-Level Numbers here - This will need revision indefinitely
Line Item Breakdown 📊
- Legal Entity Formation and Documentation
- Fixed costs: 500,000 $ARB
- Covers legal fees for entity formation, subsidiary setup, and drafting of necessary legal documents
- OpCo Leadership Recruitment and Compensation
- Fixed costs: 1,000,000 $ARB
- Recurring costs: 4,000,000 $ARB per year (8,000,000 $ARB for two years)
- Covers recruitment fees, salaries, and benefits for the Recruitment Manager, Director, and other key leadership positions
- OpCo Policies, Procedures, and Infrastructure
- Fixed costs: 1,000,000 $ARB
- Recurring costs: 250,000 $ARB per year (500,000 $ARB for two years)
- Covers HR consulting fees, software subscriptions, training expenses, and ongoing maintenance of collaboration tools and systems
- Role Identification and Recruitment
- Fixed costs: 500,000 $ARB
- Recurring costs: 1,000,000 $ARB per year (2,000,000 $ARB for two years)
- Covers internal staff time for coordination, recruitment campaigns, interview expenses, background checks, and onboarding costs
- OpCo Team Salaries and Benefits
- Recurring costs: 5,000,000 $ARB per year (10,000,000 $ARB for two years)
- Covers competitive salaries and benefits packages for the OpCo’s full-time employees across various functions, such as marketing, partnerships, legal, and technical support
- OpCo Governance and Reporting
- Fixed costs: 500,000 $ARB
- Recurring costs: 250,000 $ARB per year (500,000 $ARB for two years)
- Covers governance consulting fees, board management software, and internal staff time for regular reporting and performance management
- Contingency Fund
- Fixed costs: 500,000 $ARB
- Provides a buffer for unexpected expenses or additional initiatives that may arise during the OpCo’s first two years of operation
Total Fixed Costs: 4,000,000 $ARB
Total Recurring Costs (Two Years): 21,000,000 $ARB
Grand Total (Two Years): 25,000,000 $ARB
This two-year budget allocation allows the OpCo to establish a strong foundation, maintain operational stability, and adapt to the evolving needs of the Arbitrum ecosystem over an extended period. The Arbitrum DAO can reassess the OpCo’s performance and budget requirements after the initial two years to ensure ongoing alignment with the ecosystem’s growth and the DAO’s objectives.
Will update and revise often as this is just the beginning of what this could become!
First time poster, though have been lurking for the last couple of months 
would be putting on the accounting role in divy up tokens and budgetting