Hello Gitcoin gov ppl,
Here is my yearly(ish) stakeholder Update.
This year, we made a significant strategic pivot by shutting down GrantsLab, which had been our primary business unit. I believe that the real upside of Gitcoin lies in being a powerful dealflow engine for ecosystems rather than just a software provider.
A New Focus: Investing in Our Dealflow
In analyzing past data, we realized that if we had invested in standout projects from previous cycles, instead of just giving away $$$, we could have seen returns in the range of 100x to 300x (depending on assumptions - see this post). We know we won’t see those same returns again in traditional DeFi, so we’re focusing on the frontier narratives—areas like X402, AI agents, stablecoins, interoperability, or privacy. We’re on the lookout for the next 100x or even 1000x opportunities emerging within those ecosystems.
GG25: Our Pilot Under the New Model
GG25 will be our next pilot round under this new approach. The foundation team includes myself and Mathilda, working alongside a network of capital allocation software providers. We’re also looking at raising a fund to invest in these projects, using Gitcoin’s dealflow as the engine.
Financial Health
Gitcoin is lindy!
We have $17 million left in treasury, providing a healthy runway at a burn of only 2 ppl. full time. We’ve got a healthy 5-7 years to iterate on the dealflow engine.
Next steps
We’re going to be doing yearly planning to put an operational plan against this direction. and posting an updated strategy to the forum. Reach out if any questions.
Ask
I’m considering raising outside LP capital to further validate and refine our execution. If you’d like to give feedback or be involved, please reach out. Happy to send a copy of the pitch deck.
Thank you for your continued support. We’re excited about this next chapter for Gitcoin!