Proposal description
Dash Core Group February 1st Funding Proposals
DCG is submitting 3 funding proposals for the February 1st budget cycle:
1) DCG Compensation: $257,000
2) DCG Public Relations: $27,390
3) DCG Premises: $22,000
This proposal is cross-posted from here
Background
This proposal funds the Dash Core Group’s property lease budget. This budget account was last funded in August 2018. It is being exclusively used to pay for the monthly rent for the Dash Core Group office in Scottsdale, Arizona.
Given budget constraints we have downsized our premises footprint to just one office. The reduction in our footprint has brought down costs from $5,300/month to $2,000/month. This office is and will continue to be frequently shared by Ryan Taylor (CEO) and Glenn Austin (CFO) to conduct business and to hold team meetings. The office we are retaining includes a conference table, whiteboard, storage cabinets, and two desks with phone and internet.
Description of the property
SkySong is a 1.2 million square foot mixed-use live/work/play facility associated with Arizona State University located in Scottsdale, Arizona. It is operated as a non-profit incubator for innovation and technology, ranging from startups to Fortune 500 companies. Its non-profit status enables SkySong to charge tenants well below market rates for Class A office space. The facility is in high demand, and all SkySong buildings are near full occupancy.
We believe there are several advantages to maintaining our presence at SkySong. First, there are clear productivity gains from having members of our team on-site to work directly with each other. Second, we conduct many professional meetings with prospective partners and this allows us to receive visitors and host events in a business setting.
SkySong provides the flexibility of month-to-month leases giving us the flexibility to either eliminate our office space altogether or to quickly expand, as needed.
As a quick recap from our initial funding proposal, these are the key highlights of the space:
This proposal will fund rental expenses for one office at SkySong for 9 months as well as a currency fluctuation buffer.
If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the February 1st budget cycle:
· 266 Dash for core team premises ($22,000 USD @ $83.00 per Dash)
· 5.00 Dash proposal reimbursement
Total: 271 Dash
Note: Should any funding remain, we will apply it toward future facilities / rent expenses.
DCG is submitting 3 funding proposals for the February 1st budget cycle:
1) DCG Compensation: $257,000
2) DCG Public Relations: $27,390
3) DCG Premises: $22,000
This proposal is cross-posted from here
Background
This proposal funds the Dash Core Group’s property lease budget. This budget account was last funded in August 2018. It is being exclusively used to pay for the monthly rent for the Dash Core Group office in Scottsdale, Arizona.
Given budget constraints we have downsized our premises footprint to just one office. The reduction in our footprint has brought down costs from $5,300/month to $2,000/month. This office is and will continue to be frequently shared by Ryan Taylor (CEO) and Glenn Austin (CFO) to conduct business and to hold team meetings. The office we are retaining includes a conference table, whiteboard, storage cabinets, and two desks with phone and internet.
Description of the property
SkySong is a 1.2 million square foot mixed-use live/work/play facility associated with Arizona State University located in Scottsdale, Arizona. It is operated as a non-profit incubator for innovation and technology, ranging from startups to Fortune 500 companies. Its non-profit status enables SkySong to charge tenants well below market rates for Class A office space. The facility is in high demand, and all SkySong buildings are near full occupancy.
We believe there are several advantages to maintaining our presence at SkySong. First, there are clear productivity gains from having members of our team on-site to work directly with each other. Second, we conduct many professional meetings with prospective partners and this allows us to receive visitors and host events in a business setting.
SkySong provides the flexibility of month-to-month leases giving us the flexibility to either eliminate our office space altogether or to quickly expand, as needed.
As a quick recap from our initial funding proposal, these are the key highlights of the space:
- A “premium office” in a LEED Silver Certification (class A) building
- Locking glass doors, and locking filing cabinets
- Two dedicated phone lines and voicemail system
- Gigabit Ethernet connectivity
- Mail services
- Complementary conference room access
- 24/7 access to the building
- Complementary copier and printer (up to a monthly limit)
- Kitchen facilities including coffee machines
- Shared reception area with sign-in and waiting area
- Free shuttle service between ASU’s main campus (2 miles away) and SkySong
- Free access to a 385 capacity conference facility on site
This proposal will fund rental expenses for one office at SkySong for 9 months as well as a currency fluctuation buffer.
If you have any questions, please direct them to @glennaustin in this Dash Forum post to ensure we are notified of your request.
Requested funding is as follows for the February 1st budget cycle:
· 266 Dash for core team premises ($22,000 USD @ $83.00 per Dash)
· 5.00 Dash proposal reimbursement
Total: 271 Dash
Note: Should any funding remain, we will apply it toward future facilities / rent expenses.
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Discussion: Should we fund this proposal?
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What other quotes have you assessed fro this office space? Have you tried other companies? Have you tried negotiating a flexi package to not pay for days when the office is empty?
You can do a search on the Regus site and find competitive rates and see if you can get a better deal. https://www.regus.com/meeting-rooms
DASH is at the level of a start up organization. We need to wisely use ever cent of the treasury supporting projects that are leading to real adoption of DASH.
I feel the DCG is not thinking like a start up. You are thinking like a big corporate organization. Those funds can be more wisely used. With 20K we could fund a full time developer from Eastern Europe or we could run a Venezuela project for mass adoption for several months with a full team of people. When the DASH price goes down we need to take care of every cent and ensure there is no wastage anywhere. You can still get your office space and all you need. I'm not saying you should do without. I'm saying there are better ways to do this including in the Phoenix area if you paid only for the days you need it, or if you can't do that pay for 2 days per week access and then pay one off fees for anything about that as you need it. I think you could reasonably get that $2000 to $1000 and still get everything you want. Saving us 10K in fees or doubling the length of time you need your space.
We need to think like a startup Glenn and not waste any money unnecessarily. Empty office spaces is wasted money in my opinion and with a little negotiation, ringing around to get competitive quotes, and some ingenuity I am certain you can still get what you want and cut that bill in half.
You have my support.