Nothing came up for

Proposals Mentors Marketplace

$39,000.00 Received
$39,000.00 Requested
Ideascale logo View on ideascale
Problem:

Proposers find it difficult navigate the Catalyst process and to submit quality proposals.

Challenge: F6: Proposer outreach
completed Awarded 39% of the fund.
Community Advisor Reviews:
4.5 (24)
Yes Votes:
₳ 102,887,804
No Votes:
₳ 4,037,684
Unique Wallets:
523

Experience

Alex has 23+ yrs in Tech Businesses, leading teams and creating businesses. Phil is an active community member, a proposer, CA and mentor.

Solution

Develop a platform where proposers can find skilled mentors from the Cardano's community that help to deliver solid proposals.

The current Cardano's proposals funding process is attracting more and more proposers each fund, with an aim to reach more and more outside proposers out of brilliant entrepreneurs and purpose driven enthusiast to reach our goal to impact 1 Billion people.

During Fund5 there were around 316 proposals received, with 112 (35%) securing funds. 143 (45%) of those proposals were not approved by voters (negative votes vs positive votes spread) and 214 (67%) got less than a 4 score assessment by CAs.

This situation creates an increasing frustration among proposers, and this has the potential to worsen as more proposals are submitted and Cardano's growth accelerates. Increasing complexity of the space means that it is vital to keep proposals quality high by increased understanding of challenges and proposal's feasibility criteria and other key factors of the proposal process.

This situation is significantly harder for new proposers and outsiders. How can we make a difficult space easier. How can we help onboard the proposers that have been encouraged to join the space?

The Solution

We propose to facilitate proposal creation, promotion and execution, by enabling proposers to find help among skilled members of the Cardano's community that are willing to mentor projects and proposers. Working towards the achievement of outstanding results, value and increase the chances of being funded.

A dual sided market platform will be created to generate a Mentor Marketplace, where proposers can find, engage with or get matched to mentors.

This platform will serve as a unique directory of ranked mentors, that offer their help to proposal building, promotion and even execution (after funding). Mentors profile and success metrics will be visible at the platform, with certain key attributes that help the proposer to select/be matched to the relevant mentors who can help bring their ideas to become reality.

Mentor's will be able to monetize their advice, agreeing with the proposers during the process - a coming together to an agreement. We see that this might be in the form of pre-funding payment, post funding payment, equity interest or some mix or other in kind payment. The platform will help facilitate the agreement process.

In this initial stage we will experiment with this open option to learn what are the different monetization needs from the community. Later the platform could leverage smart contracts to help with the monetization of the efforts and the marketplace itself, and maybe helping also Cardano's to send and track funding for proposals.

We plan to leverage other projects that can help to increase our delivery speed, as well as to standardize the platform so many new functionalities can be built upon this marketplace, such as a possible partnership with the Community Members profile site (https://projectcatalyst.org/api/graphql).

The Team

The proposers have extensive experience in creating value added projects, and are committed to the Cardano's community as Community Advisors. Phil has a business and design background and has already successfully funded proposals in funds 4 and 5 funded which are: Community tools (https://cardanocataly.st/en/tools)and Community Landing Page (https://cardanocataly.st/).

Skilled developers and UX/UI designers will be hired to execute the technical aspects of the project. We have a understanding that Blace.io (a Catalyst spawned marketplace base layer https://cardano.ideascale.com/a/dtd/Blace-io-Marketplace-Creator/368797-48088)) is under pre-funding development. We are in discussion with the team responsible for the project as a possible base layer for out market place.

This project also has the support of the Cardano AIM team.

Estimated Timeline

We aim to reach a first MVP within first two months, giving us time to get the team together and for blace.io releases their first versions for testing. We then plan to work towards a new release each month (each 2 Sprints).

This first phase of the project will last around 4 months, to deliver a first version of the platform, with core functionality such as having mentor's profiles searchable, with filter criteria functionality, and a way to produce the match/communication between parties.

After the first 4 months, we will aim to produce new evolution based on the insights obtained during the first phase, the type of business model that end up being selected and the willingness/approval/adoption by the community.

Sustainability (Business Model) and Challenge fit

In this phase we want to provide a free version of the platform to help build up momentum and give back to the community the funds obtained to jump starting the platform.

If the experiment is successful we can either continue to provide a free version (funded by the community) or produce a fee based model - we are considering perhaps a small percentage of funded proposals. So in both models the Cardano's ecosystem will benefit from more and higher quality proposals and more proposers (specially from outside the ecosystem), thus aligning with this challenge goal. By facilitating better ways to be involved with developing value on top of Cardano. Also by generating a source of income for Mentor's we will incentivize that mentor's participation and in the future work towards bring more projects to Cardano through referrals.

Key Metrics

These can be measured by engagement fund to fund:

Number of mentors actively on the platform

Number of proposals onboarded through the platform

Number of successful proposals mentored through the platform

Costs structure

3 Developers/UX - USD 3000 per month each - USD 36.000

2 Founders/Project Leader fees, USD 2.000 each.

Infrastructure and other platforms costs, USD 1000.

Community Advisor Reviews

Addresses Challenge

4.6 / 5
8 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (8)

Commenter gravatar
October 23, 2021

The idea is really great and certainly could help people to build their proposals and enrich their ideas. However, if the fee based model is fully implemented, it would limit the reach to those who already can afford. A way to overcome this would be a hybrid model where those who can pay for this service do so, but those who cant are able to apply for some financial aid from Cardano community. It would extend the reach of the second fund model (let's say, for instace, to low income country as the ones in Africa) without fully overloadind the Cardano community (as in the first model). Another way to extend even more the reach of it is looking for extra mentors from different countries or who speak different languaged other than english (when the platform grows). A main concern here regarding the campaign as a whole (proposer outreach) is that this solution alone maybe wouldnt bring much new proposers, at least at firts (thats why I'm not giving a 5), but it will certainly increase the quality of the new proposals. A proper communication plan and marketing strategy could help overcoming this. Other thing that could be added here is how the platform will ensure mentors are qualified and how they will be ranked. Will there be a selection process? A Curriculum analysis? Mentors with not enough qualification could lead to a bad experience here.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The proposal supports the challenge objectives by providing a building block to help facilitate production of better quality proposals. It will also act to simplify the process for proposers, especially new ones who won't necessary understand the nuances within the catalyst voting process. As a CA/vCA in catalyst and through running countless project review boards i have read through many proposals/business cases/change requests to come at this with first hand experience.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

Has the problem needing to be solved been identified and articulated? Yes. The difficulty proposers face in submitting high quality proposals which obtain funding.

Does this proposal fall within the scope of the challenge brief? Yes.

Does this proposal show clearly how it will add value to the Cardano System? Yes

Have key metrics and goals of the proposal been stated clearly Three metrics have been specified.

Do the key metrics and goals of the proposal fall within the scope of the challenge Yes

Can the proposal scale to address future challenges? Yes

The project meets the requirements to create an Impact.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The proposer has clearly defined the problem and provided statistics and real world experience of it to back it up. They have also offered us a very clear and concise solution, with a benefit hypothesis. Offering proposers a method to engage mentors ahead of submitting a proposal means that their time will be spent more efficiently. I feel that this will provide a wholesome and beneficial experience of Project Catalyst process, which is necessary if we are to increase the attraction of people that are currently outside of the Cardano community.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The idea is perfect, but having a platform only for mentors feels limiting. I suggest increasing the scope and join forces with a similar idea.

overlap with

https://cardano.ideascale.com/a/dtd/Cardano-Community-Campus/369923-48088

I can find it better to have a platform, for example:

  1. mentoring
  2. looking for members
  3. looking for a project .. .. ..

rather than only

  1. mentoring
Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

YES! A big YES! This goes beyond submitting proposals and drives submitting QUALITY PROPOSALS. As I started reading the proposal, I was immediately inspired and started getting ideas…

"Hey, this could go hand-in-hand with projectcatalyst.org"… oh, it's there.

"Hey, you could do this on-chain"… oh, they've thought about it. Should this be successful in incentivizing mentor-proposer relationships, the smart contracts can then be extended to automate most of Project Catalyst incentives - taking a load off of IOG's shoulders and enabling further decentralization.

I initially thought this would be a great way to match experienced CAs with the proposers whose proposals they fall in love with during the assessment period. But, coming to think of it, this should allow any Project Catalyst member (lurker, proposer, team member, voter, CA, VCA) to contribute to a project at any point of the project's lifecycle.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The proposal addresses the problem at hand referring to proposals that could not be funded during the fund 5 process due to lack of proper presentation

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

As matching new proposers with mentors may result in an increase of ideas submitted from new members of the community, the proposal effectively addresses the challenge. An influx of new members and ideas has a positive impact on the Cardano ecosystem.

Confirming your humanity

Write comment

Replying to

Feasibility

4.5 / 5
8 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully

Community Reviews (8)

Commenter gravatar
October 23, 2021

Has the proposer provided evidence (references, links, etc.) of relevant skills and experience needed to implement the proposal? Yes he has provided profiles of team members and links to the funded projects they have done.

Are these links sufficient? Yes

Have you the CA visited these links and contacted the relevant people? Yes

Have you been able to assess their level of competence? yes they are competent.

Does proposer know, in an identifiable manner, the type and number of team members required to implement the proposal? Yes

Has he rationally and logically laid out his team structure and breakdown? Yes they have

Has budget been outlined clearly and broken down into identifiable items? Yes

IS budget reasonable to achieve the set goals? Yes

Has the proposer provided a verifiable plan if additional funding is required to implement the proposal? No verifiable plan for additional funding

Have you verified this plan? No

Does proposal offer a realistic timetable to complete the work?

Yes timetable is realistic

Does the proposal provide a sensible and conductible plan for implementation that shows not only what is being done but also how?

Yes it is sensible and conductible.

Does the plan describe the resources necessary to implement the proposal? Yes the resources are adequate.

Does the proposal clearly explain technical aspects like architecture, language and technologies if they are crucial for implementation? Yes Technical aspects like blace marketplace are explained.

Has the proposer considered challenges and risks relevant to a successful implementation? Yes they have been considered to an extent.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The proposal plan shows that the team has the relevant experience and understanding to be able to execute the solution well. The proposed timeline looks sensible and by providing an MVP allows the plan to be adjusted to ensure that value is being delivered. As a SAFe certified Agile coach I can see that their understanding of the personas that will be involved in the solution and the value that it will provide is clear.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

Two qualified mentors seems enough for a MVP. Developers will be hired and thats definitely essential. Just not giving 5 because its still needed to hire 3 developers (they are not part of the team yet).

Project plan is satisfactory and budget breakdown seems sensible.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

i assume the plan, budget and resource estimates for the build have been validated by Blace.io. They all look sensible for the production of a working tool. Having said that, ideally a breakdown of the technical delivery for each sprint would have been provided.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

cardano AIM team is legit, I believe they can deliver since they already delivered previous tools to the finish line.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The team has adequate experience to execute the proposal and have given detailed outline of plan of execution which makes it quite visible.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The proposers have outlined a plan with various options to implement their idea and showcased that it is highly likely that this proposal will be implemented successfully with an understandable and reasonable budget breakdown.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The plan is really well thought-out and the proposers are definite pros. The partnerships seem to be well-chosen and there's willing to do this together with the rest of the community.

Should the funding be granted, this will be done. No doubt about that.

I have been both a Proposer and a CA and I know the frustrations on both sides. This could help alleviate the frustrations, help Project Catalyst scale and increase the quality of proposals.

Confirming your humanity

Write comment

Replying to

Auditability

4.4 / 5
8 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (8)

Commenter gravatar
October 23, 2021

Is there clearly laid out a roadmap with milestones and a time horizon for achievement. Yes

Are there clearly defined Metrics/KPIs that define the success of the proposal? Yes.

Is there a clear understandable description of the targeted problem? Yes the problem is clear.

Is there a clear understandable solution that addresses the problem? Yes.

Has the proposer identified possible hurdles, challenges and difficulties? No challenges have been identified.

How does the proposer plan to deal with these difficulties? None identified.

Are there contingency plans in place for various outcomes? No

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

Metrics are sensible but it could have some target spread out in months or funds. some extra metrics could be: # of people after a mentor, success rate comparison from people who applied before and after platform usage, rate of conversion (# of proposal approved submited by people who used the platform/# of total proposals applied from people who used the platform).

some risks could have been considered in the proposal related to the quality of mentors and how to address that.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The high level milestones are clear, However the success criteria could be smarter eg.

  • X of mentors registered and active on the platform (a definition of active is required)
  • x proposers matched with mentors
  • x mentored proposals funded in fund 7/8 (?)'
    Making these specific provides greater assurance to the community that we will get value for money. at the moment the proposal says we will build a tool and count some stuff (mentor, proposer participation) so the only piece it actually commits to is building a tool which is only half the battle.

In addition the risks/mitigations should be called out: eg the obvious one is that Blace.io do not proceed or suitable developers cannot be found in time or development time/cost runs over budget.

The additional aspect not covered in this proposal is around mentors. Is there a willing cohort of people willing to become mentors? is there a mentor onboarding approach (could be another proposal or an extension to this one) or even a mitigation (ie pivot the project to focus on mentors if the technical build is taking longer than expected to get off the ground)

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The KPIs are clear and will measure successful update of both user journeys.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

definitely can be audited.

Many key metrics can be measured

number of users numbers of mentors stats over time

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

All success metrics are in place and it is easy to track the progress of this proposal. It's good that the financial sustainability of the proposal is considered already at this point. The free version is the way to go in the beginning.

My only concern is, who will get to decide a) if and when a fee is levied and b) who decides where that money goes?

Development idea: This could be the first step towards a Catalyst DAO where the entire community gets to have a say in such governance decisions and where a native governance token drives decentralized democracy and allows people to participate on an even keel, regardless of their ADA holdings.

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

There is detail budget attached here which makes the proposal auditable

Confirming your humanity

Write comment

Replying to

Commenter gravatar
October 23, 2021

The key metrics make sense and are easily auditable. The assessor confirmed with the proposing team that this solution will be open-sourced, increasing the auditability score even further.

Confirming your humanity

Write comment

Replying to