0xfe226bca…c5b4sent to0xf790a5f5…1365·#18,485,331·view on Etherscan
@Nouns40, we appreciate your feedback on the proposal. It seems there might be some misunderstanding regarding the nature of the funding.
You mentioned, 'this funding alone is $169k in revenue that they would otherwise not have.' In reality, this funding is meant to cover $169k in costs that we will have by doing this project. If we have this cost (or half of it as you suggested) would make sense investing in our own brand right?
This project is centered around Nouns, and we are asking Nouns to fund it in exchange for our extensive expertise in design (15 awards at the time of writing) and 12 years of experience in design, production, marketing, sales, after-sales support, not to mention our own brand image. This will be done for 6 months (minimum), and we are asking a team compensation of 18k for that (not 169k).
We are betting on the sales of the watches to generate income for us, and it’s important to know they are not net income, we will need to pay 10% indiegogo and credit card fees, 10% returned to Nouns, 20 USD shipping costs per watch, 20% paid advertising and 7,7% Swiss taxes. So, it's safe to assume that 50% of the sales will be our income per watch sold.
The bottom line: Is it worth to invest $169k USD and produce a world's first product in the NFT/crypto world that will place Nouns in front of more than 10 million, or is it not?