Proposal “core-conf-201807“ (Active)Back

Title:Core Team Conferences and Travel (July)
Owner:glennaustin
One-time payment: 398 DASH (105128 USD)
Completed payments: no payments occurred yet (1 month remaining)
Payment start/end: 2018-06-18 / 2018-07-18 (added on 2018-06-06)
Votes: 557 Yes / 46 No / 26 Abstain
Will be funded: Yes
Manually vote on this proposal (DashCore - Tools - Debugconsole):
gobject vote-many 44fc553e9bfc57a6a8f5dc86e4f4075234985c37afb76c29a20d67082a32f667 funding yes

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Proposal description

This proposal is cross-posted from https://www.dash.org/forum/threads/proposal-core-team-conferences-travel-july.38561/

Over the second half of 2018, Dash Core Group ("DCG") would like funding to participate in a number of conferences as well as for general company travel.  The conferences portion of this includes organizing an exclusive Dash conference (similar to last year, which was a resounding success), ensuring a presence at Money 20/20 China (November 2018) and participating in a handful of smaller conferences.  General company travel includes the cost of traveling to: 1) conferences; 2) client-facing meetings with strategic partners and institutions; 3) internal travel for team members to meet face-to-face to align and execute on strategy.  

As previously communicated, DCG was initially going to request between $200,000 and $250,000 in funding in order to make a significant contribution toward upcoming conferences (early bird sponsors/registrants typically get discounts and savings off of the list price).  However, even this amount wouldn’t have covered our anticipated costs given that the price of the Dash conference, for example, was ~$330,000 last year.

The current conferences and travel budget is completely depleted if we take into account our current assets (including the budget proposal that was just funded) versus committed liabilities.  Given the budget constraints this month, we have decided to request $125,000 to fund our conferences and travel budget.  This will allow us to cover general travel expenses for Dash Core Group Inc. employees and subcontractors, and to start making commitments towards the execution of the planned conferences.

We have decided to delay posting a request for significant funding until our conferences strategy is fully planned to avoid disrupting the Dash budget at this time.  At some point in the near future,  when the costs of the various conferences are more defined or when the current pressure on the budget is alleviated, we will come back to the network to request additional funding.

If you have additional questions, please direct them to @fernando

Requested funding is as follows for the July 2nd budget cycle:
393.00 Dash ($125,000@$317.977 / Dash)
5.00 Dash proposal reimbursement
Total: 398.00 Dash

Should any funding remain, we will apply it toward future conference expenses.

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Discussion: Should we fund this proposal?

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1 point,3 days ago
Irrespective of the DASH price it is good practise to have written guidelines on ballpark figures for flight costs, hotel costs and reasonable expenses as a general guideline and these should be put online so MNOs can see what the DASH network is getting for the money.

I would request core consider some travel expense guidelines to be drafted up and posted up for MNOs to consider.
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3 points,9 days ago
Expense breakdown, please.
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0 points,11 days ago
I can only say that each time I see pics of the Dash booth on these conferences I say "wow". Core always makes a huge impact on these events and I guess it helps a lot for PR, potential integration/businesses and branding exposure.
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2 points,12 days ago
@glennaustin MNOs need more detail to fairly assess this request for funding.

Is this funding only for travel or is it for travel and accommodation? Taking last year's budget of $300,000 for travel. Here are a few numbers:

A business club class return international flight is around $4000 USD so with last year's budget of $300,000 that would make 75 business class flights. If you are flying regular class flights the price is considerably less at around $1000 for an international return flight so that would make 300 normal flights.

In terms of accommodation is this also included in your travel costs? If so what standard hotel are you staying at? e.g. 5 star grand lux, or is it a regular 4 star hotel? If core team are staying in Grand Lux hotels I think there might be an objection to that. However we don't know because you are not providing us with the information.

We need more details on this request in order to ensure the travel funds are being wisely used.
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3 points,12 days ago
I very much doubt Core Inc would pay for a ticket to send their employees half way around the world without then paying for their accommodation and any other business related costs. I think it goes without saying to be honest!

As for the class of tickets and quality of accommodation? It's a valid question, maybe Core Inc should publish their policy with regards to this? I'm sure there will be clear guidelines in their own Employee Handbook for example.. I don't expect them to post line item details about who is staying where, when and how much it is costing to fly individuals to these locations, that's just ridiculous.

Walter
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2 points,12 days ago
We aren’t flying first class. Accommodation can sometimes be pricey especially in places where rent is very high (eg NYC HK), but we do our best to stay in budget.
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3 points,12 days ago
Thanks for the info. I have always said we should spoil our devs and core team members so we can continue to attract the best talent possible. This will help lure them away from other projects as word gets out that Dash treats its people very well and really tries to take care of them.
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1 point,11 days ago
I would like a long term plan for retention of the talent, i.e. the Core Team. I'm not sure I would put $4,000 first class flight at the top of the list, but perhaps when Dash crosses $1,500 again...
solarguy
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2 points,11 days ago
Many devs in core have gotten offers for 1.5 to 10 times their current salary. Nobody leaves because of our commitment to this project and because we believe in what we are building. Making a change in the world is much more rewarding than money could ever be. Right now budget is tight, but when it isn't anymore and we are past 1k USD we should indeed work on rewarding some devs which I believe upper management Core has plans for already.
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1 point,9 days ago
You all are doing very good job, please continue doing that.
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2 points,13 days ago
This would put us 18.25 Dash overbudget was that considered when creating this proposal?
I guess one of the recurring ones has to be bumped off something i really don't like doing.
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0 points,12 days ago
I would personally rather Core ask for the amount that fits and ask for another 18.25 or whatever Dash they need next cycle. Chances are good they'll get it, and we won't drive yet another potential DAO partner away due to budget mismanagement.
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2 points,13 days ago
It’s not ideal but core shouldn’t have to alter its budgets and plans to account for external factors that have nothing to do with them. We wouldn’t expect any other proposal or contractor to make such a concession and I don’t think Dash Core Inc should be treated any differently in that respect..

It does make our job a bit harder as MNOs because we’re going to have to make some tough decisions at the end of the month, but that’s what we’re paid to do I suppose.

Walter
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0 points,12 days ago
Well if core really needs that much I have no real problem with it but reading the description it sounds like a general fund where reducing the amount a little wouldn't have any immediate effect and they can just request that much more the next time.
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0 points,12 days ago
What actually happens in such instance, because it only 18,25 does someone get funded just 18,25 less ?
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0 points,12 days ago
Nope either you get completely funded or not at all.
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