At the start of each month, the Grants Lab team has an hour-long meeting that primarily focuses on strategy and progress against our goals. This month, we focused on our our Q2 goals wrapup + Q3 goals review. I’m linking the presentation here, as well as including an AI-assisted summary of the notes for anyone interested!
Link: Grants Lab Monthly_July24_ForForum - Google Slides
Summary::
The meeting commenced with Meg Lister welcoming new team members and providing an update on the team’s progress towards the 2024 Allo GMV goal. The importance of hard work needed this quarter to achieve their goals was emphasized. The need to fill open roles, especially the critical position of director of engineering, was discussed. The upcoming Devcon event was mentioned, with a reminder for attendees to confirm their participation and book flights early.
The team reviewed positive developments, including successful partnerships and market recognition. However, concerns were raised about the need to improve operational excellence and to focus on rebuilding in product and engineering. The June financial review highlighted fluctuations in headcount and increased expenses, and the treasury’s financial runway was analyzed, emphasizing the importance of building product market fit to increase GMV, revenue, and token utility, thereby creating a sustainable flywheel effect.
Updates on the revenue and GMV pipeline were provided, along with a comprehensive overview. The Q3 goals were reviewed, focusing on seizing opportunities and meeting targets, particularly in the innovation pipeline. The importance of supporting partners during the donation period was underscored, along with the need to invest in culture and foundational tech for Q3. The Q3 strategy and goals were discussed, with the aim of reaching 10 million in cumulative GMV and specific focus areas such as doubling down on GMV with whale hunting and positioning the tech stack for the future.