I propose to withdraw 320 ETH (Approximately $1M USD) from the doodlebank to be transferred to a multi-sig wallet operated by the Doodles Founding Team. Funds will be activated ad-hoc to support expenditures around the Doodles Extended Experience (Merchandise, Physical Collectibles, Entertainment, and Performances.)
Doodles Core Merchandise Collection, February 15, Online
Is there something specific happening in Austin on March 12-14?
And will there be things that are only available to irl attendees?
I ask as European-based
And to ask a stupid question, but where is the revenue coming from?
Hi! I’d like to volunteer as photographer if anyone is needed for Austin. I’m local to the area and was also there in Miami for the last events. Feel free to reach me at the same username on Discord. Thanks! -Dood #141
how will the toy collection be priced? (just wondering in general terms like high end or affordable)
what is the % distribution of expected gross revenue from each category? (eg: % from core merchandise, vs toys, etc)
What is the time period for these numbers calculated? Eg is expected revenue for Q1 or for the year? Also in the same vein, how long will the core merchandise collection open to everyone be available for?
Can you expand more on the “Founders Contribution”? Is this purely from you own capital? Or possibly outside investment direct to you? And how are these funds being paid back?
Wow - first of all, congrats on securing such names in the space. Having a name like Easy Otabor assisting with merch and SK Lam manufacturing the toys is insane. I look forward to welcoming these grails in my house after they’re released.
Will there be a more detailed breakdown of the numbers? If there’s any internal numbers/accounting work the team needs assistance with regarding this project let me know! I am happy to volunteer (ex Big4 accountant).
Hey @tulip@Poopie – absolutely love all that y’all are doing! I’m based out of Austin and work at a leading creative agency (we do production, design, & development). Would love to see if we could help out in any way with helping showcase these events on a global scale and let doodlers from all over enjoy these experiences, especially at SXSW!
Extremely bullish that you guys have a great net profit estimate and are planning to pay back all funds to doodlebank + 5-10%
I would even go as far as to say since funds in doodlebank are unproductive as of right now we could look at increasing the doodlebank contribution to 500E or 750E so the profit margin returned is even higher, leaves more liquidity in founders pockets.
Just a thought, not necessarily pushing for it
Only call out is that revenue is in $ and bank is paying in ETH so there could be a opportunity cost when receiving the funds back due to ETH price at the time, however this is out of control.
Would these plans change in any way if the proposal didn’t pass? Different partnerships, different merch, less events, etc.?
When would the revenue be paid back to the Doodlebank? In real time, after a certain date?
Would 320 ETH be returned to the Doodlebank, or $1M worth of ETH at the time of the payback? An opportunity cost is to be considered in either case.
And as others have stated, a revenue breakdown between the categories would be appreciated (if possible without divulging too much sensitive information).
