Circle
Impact InvestorLender / Trader / FinanceStewards
Status
RND
Description
RND, CFO and COO
Number
Jul 8, 2024
Financial needs for the RND:
- $3M for the 18 months ($1M / year for the marketing & development)
- Convertible debt preferred (just debt or equity is also possible)
- Investors interest: cimate + blockchain
- Next – round A ($5-10M)
- Goal – $2M ARR (marketplace + registry revenues, which is 5-20% of total sales, say $20M)
- Recommendations could be rewarded
Current sales:
- Current pipeline $50-300k (from the ecocredits on the balance of RND) to $1M in the next 6 months
- Separate applications (e.g. Terrasos)
- EcoToken (to Solana)
- Celo
Benefits:
- Opensource EcoBuilder Suite (platform 2.0)
- Better then Vera (composability, auto origination - city forest credits)
- Democratic issuance, less fees for the projects
- Better speak with Sam (science/registry)
- Study https://nori.com/ (closed now?)
Regen Network support:
- Could be 10% of the budget ($100k annually) in the $REGEN purchases
- (were already supplying ~$10k/monthly)
- Funds and their performance
- Fin goals of RND?
- How eco credits onchain can go to the balance sheet
- Impact map / exec summary
- what went wrong with the current
- sales?
- Cory – relevant distribution ok tokens?
model token price on assumptions e.g. pools, demand, … with Gregory
Foundation (non-profit)
Small burnrate, funded by grants
Treasury with bunch of tokens
RND (for-profit)
1.5 years runway (budget?)
of token is $1 = people will hold a token to buy ecocredits
- registry/listing
- marketplace (regen, usdc, ixo)
- software building
regen = marketplace
Put questions to the Exec Summary