jon

"Exploring Collective Fundraising for Multi-Project Individuals"

Jan 28, 2024 - 9:46pmSummary: A group of individuals involved in multiple projects are considering a collective fundraiser to generate a one-year financial runway for each member and cover additional costs like servers and events. The calculated sum needed is $740,000, which includes personal runways, server costs, and retreats. While proposing that Relational could operate as a non-profit, there's a recognition that setting up individual incorporations could be cumbersome. Discussions focus on leveraging their experience and shared goals in AI, crypto, and productivity tools, with Chad expressing support for the idea, citing the importance of direction, track record, and understanding potential outcomes.

Text

a wild idea has been floating around the back of my mind. I'm in a circle of projects. I love helping and getting into the code on all of these projects. I helped start several of these. many of these have revenue potential but all of them need money today. has a group raise ever been done? effectively a fundraise that goes to all of us - as individuals and as a group. the intent to help each other out, be each other's first customers and testers, and bake in cross compatibility and protocol stuff when possible.

what would the structure of this thing be?

something like. 1 year of runway per person at $80k. back of the napkin is 8 * 80 = $640,000. another $100k for server costs and llms and deploy eth. 4 in-person retreats at $10k per.

could it be under the relational umbrella?

relational could be a non-profit here. but i don't think np is actually beneficial here. I think it's a label. would everyone need to have things incorporated? that would be exhausting.

chad wrote:

I love the idea. It could certainly happen.

I think it would just depend on the general direction of the ideas the friends have, track record, and a shared understanding of potential outcomes.

general direction: creative uses of AI, crypto, and interfaces for note-taking, digital gardening, sensemaking, and productivity.

past history: all of us have experience shipping things. all of have experience building with each other.

potential outcomes: tbd

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