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Gitcoin Monthly

April 2025

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Agenda today

  • Kudos
  • Q1 Goals Update
  • Pipeline
  • Product Roadmap
  • GG 23 Update
  • Performance Reviews kick off 4/16

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Mathilda is a rockstar operating GG23 - it is a huge program with a ton of moving parts when it's just QF alone - and we added Retrofunding and Staking to the mix to keep things exciting. She is keeping on top of everything and getting it moving in the right direction.

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-Ed

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KUDOS!

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Q1 Goals Wrap

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Gitcoin 2025 Rocks - Q1

  • Launch multi-mechanism Gitcoin Grants 🟢
    • Demonstrate the impact of new funding mechanisms vs QF by publishing a thorough data-backed analysis of the potential ecosystem impact and how we will measure it.

GG23 will run on 3+ mechanisms, including experiments from the community. In-depth case study planned.

  • Launch the Builder Onboarding 🟢 & Incentive Program 🔴
    • Enroll at least 50 builders who apply for both GG + partner rounds within their first 90 days.

Onboarding program kicks off today, incentive program pushed to after GG23 due to resource constraints and prioritization.

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Gitcoin 2025 Rocks - Q1

  • 🟢 Capitalize on OGC momentum to distribute $1M in grants through the tool
    • 1.2M OP claimed to date through OP grants claim tool!
    • More OP + zkSync + Base grants to come thru this tool

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  • 🟢 Land one major new enterprise partner at $3m+/year
    • Base! Verbal commit for 3M OP

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GL Pipeline & Revenue Updates

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Q1 P&L Performance

  • March revenue includes $92.5k in Schelling Point sponsorships
    • SP costs distributed from Jan - Mar
  • Continuing to pull down costs + ramp up revenue
  • Jan revenue reported down to 71k vs 150k (Jan) or 92k (Feb)
  • Net profit YTD: -$700k

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January 2025

February 2025

March 2025

Q1 Total

Cost

$377,811.00

$310,291.00

$305,814.00

$993,916.00

Revenue

$71,723.00

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$222,025.00

$293,748.00

Profit

-$306,088.00

-$310,291.00

-$83,789.00

-$700,168.00

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Q1 Revenue:

50% to Q1 goal

  • Largest inflows from A + B
  • C landed, but funds hit in April
  • D deal booked in 2024 but paid out this month
  • Revenue down from $250k -> $201k (Feb -> now) due to decline in token values

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Client

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Grand Total

A

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$16,425.00

$16,425.00

B

$71,723.51

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$71,723.51

C

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$72,735.18

$72,735.18

D

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$18,698.00

$18,698.00

E

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$21,666.85

$21,666.85

Grand Total

$71,723.51

$129,525.03

$201,248.54

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Q1 Spend to Date

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January 2025

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February 2025

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March 2025

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Actuals

Budget

Variance

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Actuals

Budget

Variance

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Actuals

Budget

Variance

Operating Expenses

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Jan 2025

Jan 2025

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Feb 2025

Feb 2025

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Mar 2025

Mar 2025

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Headcount

$239,046

$232,878

$6,168

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$220,945

$222,461

-$1,516

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$204,418

$221,961

-$17,543

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Other Consultants

$93,232

$97,000

-$3,768

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$40,266

$42,000

-$1,734

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$34,377

$43,000

-$8,623

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Software & Subscriptions

$15,302

$13,230

$2,072

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$11,531

$13,230

-$1,699

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$25,587

$11,936

$13,651

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Travel, Lodging and Meals

$9,826

$2,000

$7,826

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$29,548

$2,000

$27,548

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$31,108

$2,000

$29,108

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General and Administrative

$0

$0

$0

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$0

$0

$0

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$0

$0

$0

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Miscellaneous

$20,405

$7,500

$12,905

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$8,000

$6,500

$1,500

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$10,325

$1,500

$8,825

Total Operating Expenses

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$377,811

$352,608

$25,203

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$310,291

$286,191

$24,100

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$305,814

$280,397

$25,417

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Pipeline Updates

  • Win, finally! 3M OP deal @ 175k USDC fee with XYZ for direct grants + custom claiming flow
    • Verbal confirmation and starting to execute
  • Stacking up the pipeline for Q2
    • A expansion ($Ms GMV in possible across [redacted] and other domains)
    • B ($Ms GMV + 5-10% fee)
    • C ($1-2M GMV, 3% fee)
    • D (RF $Ms $X+ 10% fee)
    • E: $500K initial commit with $Ms more in potential across eco
    • International Olympic Committee: Smol but exciting partnership outside Web3

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Product Opportunities in Pipeline - LINK

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Down from 7M in Feb… that’s good!

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Product Roadmap Update

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How do we prioritize?

  • Alignment with business goals = REVENUE
    • Does a customer need something?
    • Can we close a deal with this new feature?

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  • Impact on grants = growth
    • Is this a competitive advantage
    • Does this help us demonstrate or create ecosystem growth for our customers

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  • Feasibility
    • Product and tech strategy alignment

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Who are we building for?

  • Primary audience: Enterprise orgs (grants manager users = Sov, Quarksig)
  • Secondary audiences: GG managers, builders + donors

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What’s on the roadmap?

  • What are we working on?

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Visuals

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https://www.figma.com/design/rQGLyVUCu5XNBMaZ7N6nbZ/base-build?m=auto&t=UgDGMcrbAFAK1OIM-6

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Visuals

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What’s coming next?

  • What’s after direct grants? What are we starting to explore that might make the roadmap next?

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GG 23

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DAO Spend

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$1.3M+ Matching

  • 5 Mechanisms
  • 10 Community Rounds
  • Predictive Funding Challenge
  • Deep Gov Experiment
  • GTC Staking

April 2 - 16

April 9 - 23

March 17 - 31

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Retro Round

  • Badgeholder voting is LIVE
    • 30+ experts
    • Donors - anyone who has donated in 5+ rounds and $50 min since GG18
    • GTC holders - anyone holding 30k+ GTC

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https://beta.rf.vote.gitcoin.co/#/leaderboard/42161/862

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GG23 KPI’s

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GG23 Numbers

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$40k+

Donations to Gitcoin

Staking

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What’s Next?

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Guilds Update

  • Builders, Grantees, and Donors have kicked off!
    • Builders guild call
    • Twitter space
  • Early engagement & excitement is high
  • Starting off more structured cadences
  • Up next:
    • Builder Activations
    • Coordination tools
    • Data <> G23
    • More leads!

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Questions

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Thank You