At the start of each month, the Gitcoin team has an hour-long meeting that primarily focuses on strategy and progress against our goals. This month, we focused on our our 2025 goals + strategic planning recap (more coming soon.) I’m linking the presentation here, as well as including an AI-assisted summary of the notes for anyone interested!
Link: Share_Gitcoin Monthly_December24 - Google Slides
Gitcoin Monthly Team Meeting - December 11
Meeting Purpose
Review 2024 performance and discuss strategic plans for 2025, including new organizational structures and goals.
Key Takeaways
- Gitcoin aims to distribute $30M in funding in 2025, a 3x increase from 2024
- New organizational initiatives: GrantsLab to focus on enterprise partnerships, AlloLab to drive developer adoption
- Shifting from “protocol-first” to “product-first” approach for Allo, emphasizing on-chain solutions only when necessary
- 2025 financial goals: $2M in revenue, extending runway
Topics
2024 Performance Review
- Distributed $10.3M in funding, short of $15M goal
- Ran 105 grant rounds across 13 chains, funded 1,719 builders
- New leadership team and organizational structure implemented
- Revenue grew to ~$1M, up from $0 in previous year
2025 Goals and Strategy
- Distribute $30M in funding, with $25M through partner programs
- Generate $2M in revenue, roughly doubling 2024 revenue
- Focus on measuring and improving 5x return on grant investments
- Implement multi-mechanism approach for Gitcoin Grants program
- Launch Allo as complementary initiative to GrantsLab
Financial Outlook
- 2025 projected costs: ~$7.5M (GrantsLab 66%, Citzen Grants 25%, DAO 8%)
- Current runway: ~2.5 years at current burn rate
- Foundation budget secure until end of 2026
- GrantsLab aiming for $2M revenue (70% from services, 17.5% from grants, 12.5% from product experiments)
Allo Strategy Pivot
- Shift from “protocol-first” to “product-first” approach
- Focus on full-stack apps, on-chain only when needed
- Aim for faster iteration and market responsiveness
- New business unit focused on developer adoption and tools
- Network-first strategy to build community of devs using Allo
- Potential launch of investment fund to support strategic projects