0x8ac3ecf6…5987sent to0xbebaf868…d741·#20,619,624·view on Etherscan
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Hey @strypmofo, thanks for the comments! We believe it’s absolutely not the same risk. While we deeply respect what Nouns Deli has accomplished, this project operates from a different perspective. We're positioning Nouns House as a premier web3 hub with a multifaceted business model, hosting our community, while forging impactful partnerships with industry giants like Ledger and Mercado Bitcoin.
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> So the same risk Nouns Deli took? It is why 254 is the benchmark in irl proposals to date in my opinion, the team align business relationship/reputation with the Dao. 15 months runway at the Dao's expenses seems far too long, 3 months I could understand. The venue is also getting a $334K facelift - no small sum to overlook and a significant win for the current business.
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> > Hi, nounsdeli! First of all we think it’s important to mention the huge risks being taken with this venture. We are taking an established business and doing a complete rebrand of it, turning it into Nouns House, a brand we all love, but largely unknown to the vast majority of the population. This could lead to the decrease in the current client base and possibly loss of sponsors, which among other reasons is why we are setting a 15 month runway.
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> > We strongly believe we need to be assertive during this start-up phase, so we can ensure the viability and long-term success of the project. We’ll need working capital for staff turnover, suppliers, stock and to form partnerships with big companies, having that security in the future of operation is essential for it all to happen. This is a big endeavor from the get-go and we can’t afford month-to-month operational risks.
> > Furthermore, any remaining revenue within this period will be redirected back to the business, giving us room to grow and to achieve long-term and long-lasting success.
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> > This is a huge opportunity as we won’t be starting from zero, we have Login eXP committing their venue, brand and know-how, to take on this new venture with Nouns. From their side, having this runway gives them the confidence to make this business decision. The last thing we would want is for this project to fail by not being assertive now. With it we’ll be able to over deliver and have a meaningful impact for Nouns on a big scale.
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> > Lastly, we can assure you that these costs are not inflated, they are based on the venue’s current costs for events and day-to-day operations. The dollar does indeed go farther here, and we strongly believe that value is clear based on what we are presenting.
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> > > Here at Nouns Deli we are totally bullish on IRL venues for the dao, and this fits that bill for sure.
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> > > But…..
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> > > Our stance remains unchanged on this current version of Nouns House. While it’s certainly a cool concept, based on our experience in this field, we do not recommend setting a precedent where the dao begins funding a business's overhead costs.
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> > > Structuring it this way doesn’t at all create sustainable business model—in fact, it risks doing the opposite. If a business doesn’t need to account for everyday expenses, it can easily become complacent with what’s happening operationally. Stockpiling profits while the dao covers costs of goods, wages, taxes, and utilities for 15 months feels like a poor deal for the dao and creates a runway that extends far too long.
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> > > Funding the fit-out, as it directly aligns with brand awareness/ proliferation, marketing budgets, and event costs, makes total sense. However, in this proposal these numbers equal a significant amount of money, and when considering how far the US dollar goes in Brazil, these numbers seem particularly inflated.
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