OP Stack

https://twitter.com/awkweb/status/1725325951582540022

Thoughts on VC-backed companies applying for RetroPGF?

cma.xyz. Founder /paragraph, ceo /mirror, previously at Google & Coinbase 

I think private companies can create public goods and should be rewarded for it. 

impact == profit

We have a couple for-profit companies, like Holonym, which are in our OpenCivics round on GG19 now, because their products/services have a public goods dimension:

@base builder #001; onchain cities w/ OAK & city3

We have a couple for-profit companies, like Holonym, which are in our OpenCivics round on GG19 now, because their products/services have a public goods dimension:

https://explorer.gitcoin.co/#/round/424/0xe60a569ec8aac2045d9fda306dc2a16cc1e52a90

Totally, could just be a matter of bookkeeping. As far as public goods grants go, QF or direct, a for-profit company can raise funds for a particular public goods project, similar to how 501(c)(3)'s can receive tax-deductible donations, but only use such funds for certain purposes.

The challenge here is that those who have already raised millions are in a better position to take risk and to create public goods with greater impact due to available resources. How do we account account for that ?