PGF S19 Budget Request

[S19 Proposal Amended]

S18 Milestone Update

We recognize a mixed landscape of achievements and challenges as we reflect on the progress of the Public Goods Funding (PGF) Workstream during Season 18. We have made notable strides in areas such as the operation of Gitcoin Grants Program rounds and the enrichment of the BD pipeline.

We plan to refine and realign some of our objectives in the coming period to better align with areas under our span of control. This strategic recalibration will enable us to focus our efforts more effectively, ensuring that we are poised to fulfill our essential intents of Protocol Adoption, Growth, and Financial Sustainability. As such, we have centered on the following three “Top Goals” to drive our focus forward. You can find detailed information on these Top Goals on the PGF: Top Goals Notion Page. The Top Goals are as follows:

Develop and Implement a Sustainable Strategy for Gitcoin Grants. Evolve BD to Drive Activity, Pipeline, and Revenue. Enhance Operational Maturity. Recognizing the dynamic nature of our work and the evolving landscape, we have identified areas where adjustments are needed. As such, we will modify some of this season's initial objectives to ensure a tighter alignment with our overarching priorities. This realignment is a strategic step towards focusing our efforts more effectively and driving success in the areas that matter most to our mission. These changes are as follows: Milestone Report for the Past Season

We will proactively track our seasonal milestones and progress on Notion moving forward.

You can see a snapshot of these milestones or access the site with detailed information at the link below.

Updated S18/19 Outcomes, Projects, and Milestones

Develop and Implement a Sustainable Strategy for Gitcoin Grants Evolve BD to Drive Activity, Pipeline, and Revenue Enhance Operational Maturity Budget Update

The S19 plan at the beginning of the budgeting cycle was $618,500, for which we had a core team of 13 across GG, BD, and Ops roles and three new hires budgeted. At the end of June, we adjusted our seasonal budget to $369,000, a reduction of 40.34%.

This amount will serve as the amended budget for PGF through Season S19 (1 Aug 2023 through 31 October 2023). As such, PGF requests $369,000 GTC* = $369,000 for S19, excluding reserves and rolled-over amounts. Below is an overview of PGF budget requests over time.

Economics

PGF Workstream is requesting 434,118 GTC = $369,000 for S19, excluding reserves and rolled over amounts. *Price of $0.85 per GTC

Target address for transfer is PGF Multisig

Wallet Address: 0xa7aC9f7087d7197e0047DB9A90562a1364bf897D

All revenue generated during the past season will flow back to the DAO treasury or be rolled over to the next season. During the season, we will transparently report to CSDO and Stewards on revenue plus efforts to remediate currency fluctuations and report on these in the subsequent budget request.

We greatly value your feedback and invite you to contribute in specific areas. Thank you for your time and insights!