Gitcoin Monthly Meeting - March 2025

🧙 🧙‍♀️ Ideas and Open Discussion
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At the start of each month, the Gitcoin team has an hour-long meeting that primarily focuses on strategy and and progress against our goals. This month, we focused on financial updates, sales pipeline review, and GG23.

Link: Gitcoin Monthly_March25_Forum - Google Slides

Key Topics Discussed:

  1. Kudos & EthDenver Recap

    • Shout-out to the team for a successful event.
    • Schelling Point was a big branding success:
      • 1,100+ registrations, 500+ attendees, 3,700 livestream viewers.
      • $92K in sponsorships covering most costs.
      • Increased social media engagement and brand visibility.

  2. 2025 Funding & Treasury Updates

    • Decline in token prices impacted Gitcoin’s financials:
      • Treasury fell from $20M in Dec 2024 to ~$7.2M in March 2025.
      • Additional $4M held in other wallets.
    • Action Plan:
      • Diversifying holdings (ETH & stables).
      • Converting altcoins to stablecoins.
      • Yield optimization through Avant Garde.

  3. Revenue & Profitability

    • Q1 Performance: Net loss of $595K.
    • Targeting cost reductions and revenue increase.
    • Key pipeline deals:
      • Large $3M deal nearing closure.
      • Several smaller ($30K–$1M) deals in discussion.

  4. Gitcoin Grants 23 (GG23)

    • Community Rounds: $130K funding for top six projects.
    • QF & Retro Rounds: $600K pool for 30 projects.
    • Onboarding program (March 12-27): Helps new/existing grantees maximize their impact.

  5. Q1 Progress on 2025 Goals

    • Achievements:
      • Multi-mechanism Gitcoin Grants launched.
      • Builder onboarding program initiated.
    • Challenges:
      • Incentive program delayed due to resource constraints.
      • Big enterprise partnership ($3M+/yr) is close but not yet finalized.

Next Steps:

  • Continue refining funding strategies.
  • Finalize enterprise partnership.
  • Improve marketing and community engagement.
  • Optimize grant distribution mechanisms.
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