Back at the end of 22’ we passed a proposal granting a $258 monthly budget to pay for a storage unit that stored the KH court and any other physical KH property such as shorts, signs, etc.

Since then the price has a jumped twice. Once in Jan 24 to $350 and again in June 24 to $450.

DBAG has been paying the difference out of pocket since Jan 24 that totals to $2,925.62.

This proposal wishes to do two things:

1. Reimburse DBAG for and outstanding balance.
2. Decide on the next course of action for everything inside the storage unit and approve any required budget to implement.

Reimbursement Breakdown

Total Cost thus far: $10,149.62

KH has reimbursed DBAG thus far: $6,450 DBAG’S outstanding balance: $3699.62

(Note: $774 has been requested as of 3/10/25 in accordance to the original proposal)

So the adjusted balance and the amount being requested in this proposal is $2,925.62.

Next Course Action Options

A couple options that have presented themselves that we can put to a vote:

1. Scrap the court
2. Continue to pay for the court at the current storage unit with a stipulation for any rent increase.
3. Move the court to another storage unit that’s cheaper and isn’t subjected to drastic rent increase,
   1. Expected moving cost: $750
   2. Expected monthly rent: $150-300
4. Move the court to Uncle Jon’s place
   1. Expected moving costs: $6000-$8000

Note: To simplify things, this proposal voids the original proposal from December. Our goal is to make this really simple. This proposal is strictly for continued due diligence, exploration, and networking centered around finding some sort of transaction or partnership for the Ball Hogs.

Context & Purpose of the Stream:

In Spring 2022, Krause House purchased all 25 Fire NFTs representing ownership of the BIG3’s Ball Hogs. Under the Terms of Sale, Fire Tier owners are entitled to 40% of the net sale proceeds from any future sale of the team.

In 2024, the BIG3 announced a home city-based model and began selling expansion teams for $10 million each, with existing teams like the Ball Hogs rumored to be valued at $15 million or more. This represents a potential 12x return on our $500k initial investment.

By securing additional resources, Krause House can remain an active participant in shaping the outcome of this investment.

This proposal requests funding to continue exploring a potential transaction involving Krause House DAO’s potential 40% stake in the BIG3’s Ball Hogs. This stream builds upon previous efforts while refining our approach to ensure it reflects both community feedback and current priorities. By securing additional resources, Krause House can remain proactive in negotiations and investor discussions, free from pre-existing conditions that may limit flexibility or complicate external negotiations.

Compensation:

• $4,000 USDC/mo apiece
• $4,000 KRAUSE/mo apiece

Duration: 2 months

• First distribution: 02/01/2025
• Final distribution: 03/01/2025
• After the 2nd month, Bayesian Baller and Uncle Jon will have the option to apply for more funding on a short-term basis. In other words, they will put up a new Snapshot with their latest progress reports and will be subject to community approval for stream extension.

Legal Budget:

• Up to $10,000 USDC total
• Stewards to approve transactions

Scope of Work

This proposal will continue to focus on the following areas:

1. Investor Engagement & Market Analysis:

Continued outreach to potential buyers, private equity firms, and strategic partners, as well as research into optimal transaction structures.

2. BIG3 Negotiation & Representation:

Maintaining close communication with BIG3 leadership to ensure Krause House’s interests are protected in any sale, negotiation, or partnership agreement.

What We Have Accomplished & Our Plan for the Next Two Months

Over the past two months, we built a strong foundation by researching and working with the BIG3 to create a detailed investor deck and engaging hype video. These materials highlight the Ball Hogs and BIG3's unique investment opportunity, featuring financial data, sports industry valuations, and the league's turnkey ownership model. With these key assets nearing completion, we can then move forward with targeted investor outreach.

For the next two months, we'll focus on three goals. First, we'll expand our investor meetings, tapping into our network of high-net-worth individuals and sports enthusiasts—particularly in Bayesian's hometown of St. Louis, where we've already seen positive interest. Second, we'll partner with the BIG3 to obtain the latest financial and operational data, ensuring we provide investors with current, compelling information. Third, we'll launch a strategic marketing campaign that combines direct meetings with digital outreach to increase visibility. Through these coordinated efforts, we aim to transform our current momentum into concrete investor commitments and advance both the Ball Hogs and the BIG3.

Deliverables for This Proposal

• Finalize the investor pitch deck and hype video.
• Build a landing page that allows investors to easily view the content and express potential interest.
• Continued discussion, meetings, and outreach with potential investors.
• Collaboration with local news in potential market city to raise awareness of the goal to bring basketball to x city.
• Updates to KH community on progress.
• Ongoing networking with new potential groups and the Big3.

Opportunity:

This proposal presents three key opportunities for Krause House:

1. Financial Return via Sale:

If the Ball Hogs are sold for $15 million, Krause House’s 40% share could result in $6 million, greatly enhancing the DAO’s runway and potential to fund new initiatives.

2. Partnership and Continued Management:

Krause House could negotiate a role in managing the Ball Hogs post-sale, showcasing the DAO’s strengths in fan engagement and decentralized sports management.

3. Expansion Beyond the Ball Hogs:

By working with BIG3 investor groups, Krause House can explore potential management or consulting opportunities with other teams and leagues, broadening its influence and revenue streams.

Krause House’s Value Proposition:

As a decentralized organization, Krause House has shown the value of fan-led sports management through its work with the Ball Hogs. This stream will continue that mission, positioning the DAO as a credible partner in the sports industry while protecting its investment in the BIG3.

In Spring 2022, Krause House purchased all 25 Fire NFTs representing ownership of the BIG3’s Ball Hogs. As outlined in the Terms of Sale, Section 4: Paragraph 1 states, “Fire Tier Owners will receive 40% of the net sale proceeds generated from future sales of their team.” However, the catch is that this is subject to SEC approval, which to our knowledge the BIG3 has not pursued.

In Summer 2024, the BIG3 announced a shift from its tour-based model to a home city-based model, with plans to expand from 12 to 16 teams starting in the 2025 season. The expansion teams were sold for $10 million each, and it has been reported that the original teams, including the Ball Hogs, may sell for $15 million or more. The valuation of these teams presents an opportunity for Krause House to potentially receive $6 million from a sale — 12x our original investment of $500k.

The financial situation of the BIG3 is a key factor here, as well. The league has faced challenges since the NFT and crypto market crash, and while Krause House has maintained positive relationships with league executives, it is uncertain how long the current team valuations will hold or how long the league itself will last. With talk of transitioning the NFT program into a VIP program, the league may look for ways to renegotiate or reduce the payouts to NFT holders.

On a similar note, Krause House has invested considerable time and resources into the team over the past three summers. Though given the current state of our treasury, the DAO’s ability to provide financial support for the Ball Hogs in 2025 and beyond is uncertain at best.

Taking all of these factors into account — the BIG3’s expansion, rising team valuations, and Krause House’s declining ability to financially support the team — this opportunity could not come at a better time and offers a golden ticket financially for the DAO. It is essential for Krause House to act now while opportunities are available, leveraging our strong relationship with the BIG3 to either secure a sale, a partnership, or continued involvement in the team’s management.

TL;DR

The BIG3 is expanding and team valuations are booming. There is an enormous opportunity at hand for Krause House. We believe it would be financially irresponsible for us not to explore it.

With the approval of this proposal, we plan to achieve the following:

• Identify a buyer for the Ball Hogs & collaborate with the BIG3 on the terms of sale.
• Officially secure Krause House DAO’s equity stake in a future sale of the Ball Hogs.

When this work is completed, we will bring forth a follow-up proposal for the community to vote on any sale. To be explicitly clear, there will be no sale without official community approval.

Below is a chart diagramming the 3-step approach that we plan on following:

Financial Request

After careful consideration and discussion with key members of the Krause House community during Town Hall on Nov. 14th, we are proposing the following compensation structure.

Contributor Stream

To engage prospective buyers, collaborate with the BIG3 on the terms of sale, and negotiate Krause House’s equity stake in the sale of Ball Hogs. This initial stream is for 2 months with the option for renewal on a month-to-month basis.

Compensation:

• $4,000 USDC/mo apiece
• $4,000 KRAUSE/mo apiece

**Wallet: ** Uncle Jon: 0x2D5803Cb5Cb2Bd90eb242e0162AE5E25B7a31b39 Bayesian Baller: 0xD9b3Ad0eb0d3b9DF83CE919198F9ad0Ff692522F

Duration:

• Minimum 2 months
• After the 2nd month, Bayesian Baller and Uncle Jon will have the option to apply for more funding on a month-to-month basis. In other words, they will put up a new Snapshot with their latest progress reports and will be subject to community approval for stream extension.
• First payout to be December 1st. Second payout to be January 1st. If all goes well, stream extension to be ready for approval January 20th.

Legal Budget:

• Up to $10,000 USDC total
• Stewards to approve transactions

Commission Upon Final Sale

Contingent Upon the Community Approving Final Sale

• After successfully finding a buyer and negotiating Krause House’s equity stake in the sale, there will be a follow-up proposal brought forth to the community to officially vote on approving an actual sale.
• If approved, upon closing the sale and returning significant capital to the community, we are requesting a 15% commission total (maximum cap at $400k) on the final sale proceeds earned by Krause House.
• To reiterate, this commission is only to be paid out upon the community voting to approve the sale of the Ball Hogs. If the deal falls through or the community decides not to sell, then no commission will be paid.

Scope of Work

The goal of this work stream is to explore and execute the best strategic path forward for Krause House DAO’s equity stake in the BIG3’s Ball Hogs, while positioning Krause House to capitalize on future opportunities. Our focus will include:

1. Engaging with the BIG3 to explore options for the sale or continued management of the Ball Hogs. We will ensure Krause House’s interests are protected in any sale, negotiation, or partnership agreement.
2. Preparing and presenting an investment pitch to external investors interested in acquiring or partnering on the Ball Hogs, including potential buyers who might allow Krause House to retain partial ownership and/or manage the team after a sale.
3. Exploring additional team management opportunities within and beyond the BIG3. Given our proven track record with fan engagement and decentralized team management, this stream will position Krause House as a credible option for other teams seeking similar strategies.
4. Long-term Strategic Planning: As part of the work stream, we will also lay the groundwork for a second proposal after any sale or partnership deal to guide how the capital will be deployed. This ensures transparency and a clear plan for how to reinvest in the community.

Opportunity

This proposal presents three key opportunities for Krause House:

1. Financial Return via Sale: A sale of the Ball Hogs could generate a potential 12x return on our original investment. If the team is sold for $15 million (which the league is hoping to fetch for the existing twelve teams), our 40% share would be worth $6 million. This financial infusion would significantly extend the DAO’s runway and/or provide an opportunity to repay our original investors.
2. Partnership and Continued Management: If a sale occurs, Krause House could negotiate a continued role in managing the Ball Hogs, leveraging our expertise in fan engagement and decentralized sports management. This could potentially not only secure future revenue but also enhance our credibility in the sports industry.
3. Expansion Beyond the Ball Hogs: By working with the BIG3 and their investor groups, we can explore management opportunities with other teams or leagues. Our track record with the Ball Hogs has positioned us as a credible leader in fan-led sports ownership space, and this work stream will only further substantiate that credibility.

Why This Stream is Critical

If we do not act now, we risk losing our leverage in discussions with the BIG3. The league could move forward with a sale on their own, leaving us with little to no financial return or potential path to remain involved with the team going forward. By taking a proactive approach, we will be better equipped to protect our investment against the following potential risks:

1. The Uncertain Future of the BIG3: It’s no secret that the BIG3 has struggled financially in the past. During the 2022 season, the league was even on the verge of potentially shutting down.

   Given what we know about how expensive it is to operate the league, it’s reasonable to believe that the BIG3’s future is questionable at best and highly dependent upon new capital coming in from the sales of their teams.

   More importantly, there is no way of knowing how long the current wave of team valuations will last or how long the league will be around altogether. As a result, we need to strike while the iron is hot.

2. The BIG3’s Hesitancy to Honor NFT Contract: While our contract with the league states that we are entitled to 40% of a team sale, we have already been told that the BIG3 is going to try to get out of honoring that agreement.

   Given our strong relationship with the league, however, they have said that they will work with us to facilitate a fair share. As such we believe there will be a strong first-mover advantage, and the longer we wait the more likely it is that the league will find a way out of the contract.

3. The Importance of Us Finding Our Own Buyer: In our conversations with BIG3 executives, it has become increasingly clear that us bringing our own buyer to the league will significantly increase our odds of negotiating a fair share of the final deal price. By finding our own buyer, it also gives us the best opportunity to build a strong relationship with the new ownership and sell them on the value of having Krause House remain involved in the future of the team.

Conclusion

This work stream is critical for Krause House’s future. Through a sale, partnership, or continued management of the Ball Hogs, we have an opportunity to secure significant financial returns, expand our role in sports ownership, and revitalize our community. The only real risk is inaction.

As the initial retainer (subsequently amended here) has been exhausted, this budget will allow us to continue to engage Hogan Lovells and other counsel as may be required from time to time to support our acquisition efforts.

Use of Funds

These funds will be used exclusively to pay fees as accrued for legal counsel in respect to prospective transactions. Upon receipt of invoices, they will be shared with the LOI Transparency Committee, and corresponding payment requests will be issued to treasury.

Note: in cases where expenses paid result in a successful transaction, said expenses will be refunded to the treasury from transaction fees where possible.

The relationship with counsel will be managed by Krause House Capital.

Flex & I have been thinking a lot about collective ownership through the lens of remixing access, equity, & governance for the past 3 years. We made incredible progress with owners from the NBA, EPL, & dozens of sports/leagues. The vision resonates with owners, fans, & leagues, the challenge has been the structure in how to do it.

The Ball Hogs experiment has been a tremendous success. Krause House acquired effectively 40% of the club at a $1.2m valuation. Since then, the BIG3 recently announced the 4th sale of a team — with estimated valuations around $10m. We’ve watched the core thesis of a fan (Bayesian) going from an outsider to sitting on-the-bench weekly as an assistant coach, due to a human coordination engine called Krause House DAO. Streaming numbers on X are massive, the league is growing rapidly.

We’ve seen the progress Lewk has been able to make with Krause House Capital & also the material challenges faced along the way. Insiders in sports ownership continue to be blown away with how much progress we’ve made but matching capital with opportunities continues to be a challenge.

Flex & I have been off-stream for all of 2024 thinking about what comes next for collective fan ownership. We’ve been kicking around an idea to tackle all of these opportunities & problems with one elegant solution:

We want to build the reserve currency of sports & want to call it House Protocol.

Leagues & owners need a simple structure they’re familiar with, the best option is a trust. But instead of creating one-off trusts with traditional ownership requirements, we believe the opportunity is to build treasury-backed protocol to acquire cultural assets including sports clubs. We think of it like the reserve currency for culture, empowering fans with exclusive access and governance.

We see a future where Krause House DAO is a human coordination layer for sports clubs & House Protocol is a capital coordination layer.

What is this proposal about?

We think both layers are important to make this a reality, but Flex & I need to establish an entity that will require outside funding (that KH cannot afford… nor should it) to build the idea.

As an example, Krause House could benefit from the creation of House Protocol by acquiring the majority position (>51%) of the Ball Hogs from the BIG3 — without using treasury funds. This would protect KH’s minority position + secure governance of the Ball Hogs. If Krause House were successful at generating interest in the Ball Hogs ownership through the protocol, it could use the fees to both acquire ownership & fund fan engagement experiences we’d like to pursue as a collective.

We’d love to aspire to build a world where people like Uncle Jon, Bayesian Baller, & many more can come to Krause House and earn incredible fan experiences across a rapidly growing sports portfolio facilitated by the DeFi mechanisms of House Protocol. We see a future where Krause House DAO becomes the home of unique fan experiences around the world.

What’s this proposal outlining?

• KH grants the creation of House Protocol Labs Inc. (HPL), a development company to build House Protocol & a financial vehicle to take external funding.
• KH invokes HPL to build, launch, and maintain House Protocol.

Covenants

• House Protocol does not request any funds of any kind from KH.
• House Protocol will use KH governance as a nomination & approval flow of House Protocol as per protocol parameters, until eventual independent governance.
• KH acknowledges zero claims of IP for the name & concept of House Protocol.
• KH can seek to use House Protocol to attempt to acquire the Ball Hogs majority position.

To pay Korporatio for the DAO’s foundation & corp status via Panama for 2022 & 2023.

How will funds be managed?

As Korporatio invoices us, we will payout our monthly payout process.

Team Members Assigned to the Project

• Commodore

Project Details

As per our proposal for an entity creation, Krause House established a foundation & a corporation in Panama. Annually, we owe our vendor Korporatio an amount to renew both. As long as KH is active, then our legal entities should be in good standing.

This proposal is to pay our vendor annually to stay in good standing.

• Week 4 • BIG3 Scouting Report vs. Power
• Week 3 • BIG3 Scouting Report vs. Ghost Ballers
• Week 2 • BIG3 Scouting Report vs. Enemies

2022 Season:

• Week 4 • BIG3 Scouting Report vs. Tri-State
• Week 3 • BIG3 Scouting Report vs. Triplets
• Week 2 • BIG3 Scouting Report vs. Ghost Ballers
• Week 1 • BIG3 Scouting Report vs. Killer 3's

Some of these data-driven scouting reports - which featured unique research around shot quality, lineup analysis, and in-game strategy - were also publicly promoted by the BIG3 on Twitter to their more than 140k followers and others were circulated within the Krause House community as exclusive content for token-holders.

2) Weekly Ball Hogs Show & Media Content w/ Rick Barry & Joy DeAngela

Featuring Special Guests such as NBA Hall of Famers, Players, and Coaches from around the BIG3

We have partnered with Ball Hogs HC Rick Barry and received approval from the BIG3’s Executive Team to produce a weekly show on behalf of Krause House in which we will interview some of the biggest names from around the BIG3 this summer.

The show will be co-hosted by Bayesian Baller and Rick Barry, with additional support from social media and marketing correspondent Joy De’Angela, and lead audio/video production from Uncle Jon.

By partnering with NBA Hall of Famer Rick Barry, he has agreed to and we plan on leveraging his legendary reputation to secure exclusive sit-down interview with high-profile guests from other teams in the BIG3.

Our list of desired and potential guests includes…

BIG3 Coaches:

• Julius Erving
• George Gervin
• Charles Oakley
• Nancy Lieberman
• Lisa Leslie
• Gary Payton
• Rick Mahorn
• Reggie Theus
• Michael Cooper
• & Stephen Jackson

BIG3 Players:

• Rashard Lewis
• Michael Beasley
• Leandro Barbosa
• Corey Brewer
• Nick Young
• Jonathon Simmons
• Franklin Session
• Cuttino Mobley
• Jason Richardson
• Earl Clark
• & Joe Johnson

With Rick’s caché and the league’s support (they’ve confirmed to Rick that they will work with us in any way possible to be of assistance), we believe that the above list of coaches and players is not only realistic but could drive major headlines around the basketball world throughout the NBA’s offseason. And of course, all content will have Krause House’s name and branding front and center to further validate our brand as a multidimensional force in the industry!

3) Develop Merchandise for Our Team, Community, & Fans

Over the past two summers Uncle Jon has designed, produced, and sold Ball Hogs team merchandise to fans both online and in the arena on gameday. Last season the shirts, in particular, were not only worn by the fans and Krause House faithful, but were also donned by the Ball Hogs players themselves which generated a ton of organic buzz around the team within league and player circles. Which got us thinking…

This summer, not only do we want to produce more exclusive merchandise for our fans and community, but we would also like to outfit our team with the most unique Krause House x Ball Hogs branded performance apparel the BIG3 has ever seen! Our ideas for this include practice gear, gameday warmups, and exclusive team collectives.

It’s more than look good, play good. We want to develop a brand that becomes an iconic staple of the BIG3 and makes players proud to rep the Ball Hogs. We envision that this strategy could be a huge marketing boost for Krause House and the Ball Hogs, as well as, could be scaled and perfected for future clients.

4) Deepen Financial Relationship w/ BIG3 & Other Team Owners

We would like to leverage our involvement with the Ball Hogs this summer to be a launch pad for additional revenue — either via our ownership or from providing our services to other teams.

Our work with the Ball Hogs over the past two seasons has proven to be of tremendous value, and this time around we would really like explore getting something back for providing this value.

We believe that we can start thinking about ramping up our offerings, putting together a deck of our services, and (for starters) beginning to offer them to other team/owners around the BIG3.

### bUt SomEb0dY m1gHt t@kE t0o mUçh

Both the community and the Stewardship team has the power to cancel this stream if it is being abused.  In addition, if a contributor abuses this trust, they are effectively burning their social credibility and ability to successfully submit proposals in the future.  We expect some lossiness; however, we believe the benefits of getting good work off the ground is worth this small cost.

• 2023 Ball Hogs Budget Proposal
• 2022 Ball Hogs Budget Proposal

How Will Funds Be Used?

1) Travel, Lodging, & Transportation to Ball Hogs Games for Team Contributors

The 2024 BIG3 season kicks off on June 15th and will travel through 10 U.S. Cities over the course of the summer including Oakland, Tampa, Baltimore, Newark, Anaheim, Portland, Cincinnati, San Antonio, Nashville, and Boston (in addition to the BIG3 Combine & Draft in Las Vegas on May 24th). We are requesting funds for modest travel, lodging, and transportation accommodations in every city. Click here to view the entire summer schedule.

• Hotels: Up to $12k
• Flights: Up to $12k
• Transportation: Up to $6k

See the notion link for this propsal (https://www.notion.so/krausehousework/Ball-Hogs-2024-Budget-9308923ca4334083935d17974749a1f3?pvs=4) for an itemized breakdown of potential travel cost estimations.

2) Recording, Production, & Publishing of Weekly Ball Hogs Media & Content

We have partnered with Ball Hogs HC Rick Barry and received approval from the BIG3’s Executive Team to produce a weekly show on behalf of Krause House in which we will interview some of the biggest names from around the BIG3 this summer. We are requesting funds for the necessary equipment to record, produce, and publish this content in a professional manner, as well as, to procure the talent needed to complete and appropriately market this project. Jon has already arranged for the BIG3 to cover transportation of the equipment to/from the various cities each week.

• Professional Media & Content Equipment: Up to $11k
• Production & Viral Marketing (Joy DeAngela): Up to $15k
• Co-Hosting & Guest Acquisition (Rick Barry): Up to $4.5k
• Miscellaneous (i.e. Venues, Emergencies): Up to $1k

See the notion proposal link (https://www.notion.so/krausehousework/Ball-Hogs-2024-Budget-9308923ca4334083935d17974749a1f3?pvs=4) for an itemized breakdown of potential media and content estimations for the Ball Hogs media and content.

3) Merchandising Development for Our Team, Community, & Fans

Over the past two summers Uncle Jon has designed, produced, and sold Ball Hogs team merchandise that generated a ton of organic buzz around our team and community. This summer, not only do we want to produce more exclusive merch for our fans and community, but we would also like to outfit our team with the most unique Krause House x Ball Hogs branded performance apparel the BIG3 has ever seen! The strategy is more than “look good, play good”. We want to develop a brand that becomes an iconic staple of the BIG3 and makes players proud to rep the Ball Hogs. We envision that this strategy could be a huge marketing boost for Krause House and the Ball Hogs, as well as, could be scaled and perfected for future clients. We are requesting the following funds to cover the design, development, and production of this Krause House x Ball Hogs merchandise.

• Merch: Up to $7.5k

See the notion proposal link (https://www.notion.so/krausehousework/Ball-Hogs-2024-Budget-9308923ca4334083935d17974749a1f3?pvs=4) for a breakdown of potential merchandising costs for the team, our community, and our fans.

Appendix:

Notion Proposal Link: https://www.notion.so/krausehousework/Ball-Hogs-2024-Budget-9308923ca4334083935d17974749a1f3?pvs=4

C) Joy DeAngela Travel Notes

After discussions with Joy and her manager, we have agreed that on weeks in which Uncle Jon will be out on “new dad duty” Krause House will cover her flight and hotel. On weeks that Jon is with the team, Joy will be covering her own travel costs (with the exception of the draft in Vegas.)

D) Professional Media Equipment: Cost Estimates Table

Equipment will be used weekly to capture and record the Ball Hogs Show with Coach Rick Barry and to film sideline content to be used across social media and other marketing collateral.

All equipment will be owned by Krause House. Following the completion of the season, the equipment can be sold and the funds returned to the treasury. Or they may be kept under the community’s discretion for future media initiatives.

E) Fan & Team Merchandising Notes

• High Quality Player Merch
  • Some of the biggest feedback we got within the league were the cool shirts our players wore. Particularly the caricature shirt featuring each of the guys on our team. This year we want to up the ante by providing exclusive warm ups for our players. The league is notorious amongst the players for the lack of s.w.a.g given so why not step in? We’re looking to design warm-up tops and bottoms featuring not only the Hogs branding, but also Krause House branding prominently.
• Community-Driven Fan Merchandise
  • Uncle Jon will initially head up merch creation in hopes that other members of the community will kick in and help with designs. Designs will be created and put up on the Shopify platform and sold as print-to-order to avoid excessive production costs.
• Store Operation and Maintenance
  • The fan merch store will be powered by Shopify for fulfillment and Printful as the print to order service. The membership fee’s of these services come out to about $200/mo. The plan is to have the store be actively listed from May-September with a re-assesment after the season is over. If our merch is successful, we will keep the store open longer. All profit from sales will go back to the KH treasury.

F) Add’l Revenue Models & Ownership Exploration

We would like to leverage our involvement with the Ball Hogs this summer to be a launch pad for additional revenue — either via our ownership or from providing our services to other teams.

Our work with the Ball Hogs over the past two seasons has proven to be of tremendous value, and this time around we would really like explore getting something back for providing this value.

We believe that we can start thinking about ramping up our offerings, putting together a deck of our services, and (for starters) beginning to offer them to other team/owners around the BIG3.

How will funds be managed?

We will be using the Ball Hogs multi-sig set up last year. The wallet will have a treasury funded by this proposal, and expenses will be reimbursed with 3/5 signatures.

Signers:

• Uncle Jon
• Bayesian Baller
• Commodore
• Shanny
• Lewwwk

Team Members Assigned to the Project

• Uncle Jon
• Bayesian Baller

Work in assisting Bayesian Baller Contributor Stream Renewal (Spring ‘24) in all things editing and design

Requested Budget:

• 2000 USDC / month
• 500 $KRAUSE / month
• 3 Months (Feb - Apr 2024)

How will funds be used? Who/what will it go to?

$2000 USDC/mo to Uncle Jon for doing editing and design work for the content Bayesian produces for his stream.

Team Members Assigned to the Project

• Uncle Jon
• Bayesian Baller

Project Details

After expressing interest to Bayesian when his stream launched, he and I met and collaborated on the type of content we want to produce. Our game plan is to produce consistent content weekly around happenings in the NBA. I’ve been learning the Adobe Suite over the past year or so and will be using that to produce unique content to bring awareness via social media to our brand. We produced our first video this past weekend and uploaded it to our socials.

Since January 2022, I’ve been the Host & Executive Producer of Around The Association, the official basketball podcast of Krause House DAO & the first podcast launched by a non-steward under the community's media network.

From Day 1 my intent with Around The Association has been to drive community engagement, demonstrate Krause House's basketball acumen, as well as, break down the barrier to entry into Web3 and get everyday hoops fans interested in DAOs.

In addition to launching Season 3 of Around The Association, my vision for the next several months centers around creating exclusive, original content that promotes other KH products in which the community has invested. The specific product that I would like to support is Krause Picks.

In speaking with Greg, the user base has remained very loyal, highly engaged, and optimistically consistent since its inception, as we continue to award daily prizes despite minimal day-to-day promotion. I think a great community-built and branded product like this deserves its own exclusive, dedicated content that gets pushed out and published across Krause House socials.

The idea would be to produce weekly content -- primarily in the form short-form videos -- that previews and recaps the week’s slate of games, analyzes top performances and league-wide trends, as well as, shouts out the winners and gives recommendations on how to pick certain games. Think about how media companies like ESPN and FanDuel use original shows (like Daily Wager) and personalities (like Shams Charania) to promote their sports betting products. By tying content to an existing product in which the DAO has already invested major time and resources, I believe we can maximize its potential and see some major dividends.

2) Spearheading New Partnerships w/ Prospective Teams & Leagues

TLDR:

• Generate Leads & Investment Opportunities for KH Capital
• Spearhead Collaboration w/ Prospective Euro Basketball Club

Since Day 1 of joining Krause House, I’ve opened up my personal and professional networks to connect our community with a variety of opportunities and prospective partnerships in the sports industry. In the DAO’s early days, this included partnering with the Big Ten Conference to crowdsource basketball content in exchange for KH bounties. More recently, this has included orchestrating connections for Krause House Capital with opportunities in the collegiate sports and international basketball markets. The latter, of which, has particularly heated up lately and in my opinion presents the greatest immediate opportunity to our community.

More specifically, over the past several months I’ve been working closely with a group of investors and former athletes who are actively engaged in the acquisition of a top-tier French basketball club. If the acquisition is successful, it would open up a floodgate of opportunities for Krause House to participate in a Ball Hogs 2.0 style collaboration with the franchise -- ranging everywhere from community building and court refurbishments throughout Europe to basketball operations and front office type contributions to the immediate team.

3) Restoring The Community’s Creative Juices w/ Product Design & Merchandising

TLDR:

• Organize Exclusive Merchandise Campaigns
• Design & Develop Premium KH Collectibles

With a focus on engaging our community and getting back to the creative principles upon which Krause House was built, I would like to lead a merchandising initiative that not only sees reruns of past KH staples, but also features exclusive drops of premium collectibles. Product ideas include letterman jackets, caricature tees, vintage snapbacks, and performance gear among others. The strategy would revolve around pre-orders to maximize margins and ensure profitability, and rest assured that any initiative would certainly need its own additional proposal in order to proceed (similar to the recently approved proposal to order more of the famous KH basketball shorts).

I think Krause House-branded merch presents enormous opportunities. Having been on the ground in all of the BIG3 cities and having seen how the Ball Hogs players and fans obsessed over the merch that Uncle Jon and the team created was one of the coolest experiences ever. Players from other teams would literally come up to us at the hotels and in the arenas telling us that the Ball Hogs and Krause House had BY FAR the best merch of any team in the BIG3, and that they wanted us to create their team’s merch, as well. There is serious opportunity here that, if properly explored, could potentially expand beyond making merch just for our immediate community. Think “In The Lab” style opportunities.

Bayesian Baller’s Background & Professional Qualifications

Bayesian has been a core contributor to Krause House since Day 1. Over the past 2+ years, he’s contributed to the community on a variety of fronts -- notably in media, podcasting, and coaching analytics roles.

Bayesian leads all of Krause House’s basketball analytics and data science initiatives, which have included deep collaborations with the Ball Hogs, BIG3, and Overtime Elite. Most notably, over the past two summers Bayesian has become Rick Barry’s right hand man while spearheading all of the scouting, analytics, and assistant coaching responsibilities for the Ball Hogs. He’s also the Host & Executive Producer of Around The Association, Krause House’s go-to podcast for all things basketball, which now has a show catalog fast approaching 35 episodes.

Outside of KH, Bayesian has worked professionally in the sports industry for 5+ years, and currently serves as the Director of Product for a leader in the college sports and basketball analytics space. Prior to that, he spent several years at the collegiate level with two major Div. 1 college basketball programs. And along the way, he has developed working relationships with a variety of influential figures in the basketball industry, who he will continue to lean upon to help facilitate partnerships and opportunities for Krause House to reach their ultimate goal of NBA ownership.

This proposal is a continuation of a previous stream that concludes November 30th, 2023.

The scope of work for this includes up to 3 days per week, or 12 days per month by Lewwwk focused on:

• Fund structuring and formation
• Transaction negotiation and closing
• Capital infrastructure development, including entities and protocols
• Engaging and managing capital partners, investors, advisors, and contributors

Purpose of this Work

Krause House formed around an ambitious mission to buy an NBA team. The purpose of this stream is to help bring our mission home by securing the terms and capital for ownership in the top 5 leagues and beyond.

Current Status

We are currently raising capital to secure ownership positions in the EFL and a top-5 league, while doing diligence and pursuing a portfolio of opportunities in North America and Europe. A primary capital partner has expressed interest in investing mid 8-figures with us. We are working to firm up that commitment, finalise structure, and make our first investment.

Results from Previous Work

Lewwwk, in collaboration with Commodore, Flex, Matt Lynch, and advisors:

• Developed and led a mid nine-figure multi-year bid for an interest in a Top-5 league team (in process)
• Developed JV strategy for major acquisitions, serving to drive potential future KH collaborations
• Led conversations and confirmed pathways with the NBA for Krause House ownership in the NBA
• Represented Krause House at Thinking Football conference in Porto, deepening football presence
• Continued building relationships with multiple large scale media, institutional, and family office investors
• Drafted protocol infrastructures to enable onchain loyalty and ownership
• Explored potential partnerships with various technical and L2 rollup service providers
• Updated KH Capital strategy to include potential investment in KH TD, protocols, and assets
• Handled ongoing Krause House Capital administration
• Supported Treasury Diversification strategy and efforts

What Changed Over the Last Stream

We have now credibly demonstrated access to exclusive, top-tier, off-market opportunities. While transactions in sports have unpredictable outcomes and pacing, we have also demonstrated the capacity to build a robust portfolio of opportunities based on solid analysis and our unique approach to building enterprise value through digital innovation and fan engagement.

While the macro environment is still challenging, there is a notable shift out of the depths of bearishness. This is evident in both the macro and the crypto markets. The end of the SBF trial; deeper adoption of crypto in institutional finance; advances in web3 tooling and infrastructure; and a thawing of the VC and retail markets are all welcome news after a challenging 18 months.

What Does Success Look Like

• Capitalization of Krause House Capital
• First investment complete
• Krause House capitalization

Voting Options and Determination

Approve

Against

Abstain

Abstain votes are discarded. This proposal passes if option 1 (Approve) receives more votes that option 2 (Against).

We want KH to be a brand sponsor of our biggest VC’s with marketing partnership that will be able to take and add to Puerto Rico Coin agenda if that was something we wanted to do as a community as well as add to top Crypto Events after the 16th November 2023 in NYC this will be the push forward with added coverage to propel us forward as a diverse community. The event to increase top-of-funnel membership growth, establish strong web3 relationships, further legitimize the KH brand through strategic partnerships with NBA and sports individuals, address infrastructure challenges with this event, and contribute to on-chain funding using merch also to drive adoption and add to community.

Requested Budget:

$9k USDC and $2kKRAUSE to compensate for R&D and event / merch distribution possibilities. This approach is exploratory, with fine-tuning required. Future proposals will follow once partnership agreements are in place (TYMED is personally talking to make this happen), and we have a clear understanding of the appropriate funding methods. This proposal is designed to address unknown questions, with additional proposals developed to act on those answers.

Wallet: 0xc32BBce6fA9a340894beF55df9220eEc6f2c6f59

How will funds be used? Who/what will it go to?

click the link above for pitch deck.

Krause House will be the #1 GOLD sponsor for a Basketball partnership with top entertainment from Bobby Shmurda and Jules Santana look at the pitch deck for extra information.

• The Multimedia sponsorship includes talks of brand logos and activation on-site and in all of our digital marketing materials
• Includes the branding with the marketing and partnership.

Key responsibilities include research, major deal flow, and inbound/outbound strategies. Our goals include defining pipeline categories, assigning responsibilities, and expanding the KH community and the BIG3 teaming up with other BIG3 teams.

How will funds be managed?

Housing and transportation to Miami will added also for merch to be available for potential new community members upon purchases.

With these funds we will be able to purchase 100 KH branded shorts from the distributor in the following quantities: 20 XL, 40 L, 30 M, 10 S

Merch will be stored at the KH Los Angeles storage unit (see May 15 2023 storage proposal)

Merch will be posted on the KH website available for purchase.

Team Members Assigned to the Project

• TYMED author will store at the LA storage unit.
• Possibility to have worn on the runway during fashion event at Art Basel that will be finalized with following the passing of this proposal.

Team Members Assigned to the Project

• TBD by the community going forward with a potential speaker at the panel discussion with VC’s and angel investors as well as members from the area NBA team while also having a activation at 6 locations.

Project Details

• After hosting our biggest event yet on the 16th of November with up to 150 people attending now, we will look to capitalize on the movement with Art Basel and investors.
• We want Krause House to become a factor on the Miami Art and Athletic community with this event with a opportunity to pitch the event as well as the future of KH to potential investors TYMED personally has spoken with at up and coming event with Bitbasel.
• We will be a brand partners for this event, and are in talks with some Miami events that will be able to interact with from the Golf event to other events happening in Miami and several others to also be partners at the event. We will also look to engage some more Web3 communities like our past link with Miami. This will drive into all spectrums of NBA life as we work with former players and community members' engagement opportunities.
• The sponsorship inventory includes the following:
• Exclusive brand sponsorship opportunities as the one the only basketball teams there to discuss the success of KH after success at the Nov 16th in NYC.
• Listed as a brand sponsor on all digital marketing material from Miami to 6 other locations with extras like (POAPs, video content, social posts etc.)

Concluding notes

We believe that the community is diverse and will need a bigger say in the future of sports. In the eyes of events this will follow Nov 16th and drive home the community’s effects, Krause House is at the absolute edge when it comes to developing a thesis and putting it into practice to democratize sports ownership with diversity and equality as we include all backgrounds and genders, we are a community.

We want Krause House to be put in front of some of the highest-ranking decision-makers in Sports, Web3, Tech, Media and Entertainment at our world-class events where the growing community of Crypto natives are increasing going to for Art now, we add more with sports.

We view this as a perfect timing to proceed to have be able to increase treasury that is able to become sustainable prolonged with individuals who will join the mission in being a part of a franchise such as the NBA team.

These shorts debuted at 2022 NFT NYC and were warmly received with notable dunkers & influencers still wearing and posting their outfits on social media.

We would retail the shorts at $40 for the public and $20 for NFT holders.

Link to Image of Shorts - https://www.notion.so/krausehousework/Krause-House-Shorts-Budget-aa57765ca775445d93c613e7875244f0?pvs=4

Requested Budget:

2500 USDT (or stablecoins equivalent) to purchase an order of 100 Krause House Shorts

Address: Thycommodore.ETH

How will funds be used? Who/what will it go to?

With these funds we will be able to purchase 100 KH branded shorts from In The Lab in the following quantities: 20 XL, 40 L, 30 M, 10 S

Merch will be stored at the KH Los Angeles storage unit (see May 15 2023 storage proposal)

Merch will be posted on the KH website available for purchase.

Team Members Assigned to the Project

• Dbag, author of the original storage proposal, has offered to receive the 100 shorts package and store at the LA storage unit. He has also offered to help mail out the shorts.
• Mario will manage the 10 shorts for contests

Striker Manager 3 (SM3), a next gen football manager game leveraging web3 technology has proposed to Krause House (KH) to partner.

Business Model: Implement a revenue-sharing model that is fair and equitable for both parties. This will include the following clauses for a 3 year period:

• User Commission: Striker Manager 3 agrees to pay Krause House 10% of the net profits generated by all users coming from Krause House. This will include revenues generated from in-game purchases and other related products. With net profits, Striker Manager 3 will pay after discounting the commissions and taxes that might apply.
  • Every user registered to Striker Manager 3 have his own promotor link. If this user invites new users, he will be linked to them indefinitely and he will receive 10% of the Ucoins (Internal SM3 token) their users buy forever. So if I invite a friend and this one buy 100 Ucoins, I will receive 10 Ucoins.
  • This will encourage Krause House football fans to spread the word.
• Commission on Premium Assets: Striker Manager 3 agrees to pay Krause House 50% of the net profits generated from the sale of Krause House's premium assets within the game, such as players, cosmetic items, etc. With net profits, Striker Manager 3 will pay after discounting the commissions and taxes that might apply.
• Exclusive Discount: Striker Manager 3 will offer users coming from Krause House a 10% discount on the purchase of plots of land within SM3 as an additional incentive for Krause House members.

Clarity on what the Krause House brand gets applied to in-game

• In terms of visibility, the KH brand will be applied to cosmetics (gloves, hats, boots, jerseys...), Striker Manager 3 will also provide KH a plot of land wherever the KH appointee wants (we will put a KH badge on) and KH will have the official team within SM3 with a distinction in it (Similar as Twitter Blue mark).
• SM3 can also put on sales of KH NFT in-game players. (SM3 will need KH’s approval before adding any of KH’s visual contents into the game - oversight by delegate Mario and Stewards).
• Also, SM3 will mention KH on their Social Networks as part of the co-marketing.
• All of this is in the beginning, if the KH community or SM3 have more ideas we can explore it all on an emergent basis.
• If we terminate the contract, SM3 can easily remove all KH branding within the game. The unique thing SM3 won't be able to remove are the KH NFTs players sold. But this will generate revenue to KH if the assets are being sold in the secondary market even though the contract may be finished.

“But Krause House is a basketball community”

• As Krause House’s playbook is transferrable across many sports, working with reputable partners across other sports will only strengthen our value proposition as a global sports community for ownership groups in the NBA and other top revenue generating leagues

In my opinion, this is low risk as this partnership outlines a win-win agreement.

Full Scope of Partnership between KH & Striker Manager 3 can be found here

Termination Clause

In terms of termination, we will add two contacts and email addresses from both sides, Jaume Noguera (Marketing and Licensing Manager of UPLAY Online) and KH delegate, Mario.

Every email sent to these addresses will be valid as a formal notification. We can also agree that we have to notify, if we want to terminate early the contract, two months before we reach a date we agree upon. We can agree a date for every year and if we want to terminate the contract we have to provide the notifications two months before.

Permission

KH delegate can be appointed by Stewards at any time, and Mario is appointed as the delegate.

About Striker Manager 3

Parent Company: Striker Manager 3 is created by UPLAY Online which is an independent video game studio based in the city of Barcelona, Spain.

Striker Manager 3 is a Play to Earn multiplayer football manager game that combines the fun of traditional football games with the ability to be the owner of your in-game assets.

Users can generate income while trading and evolving their NFT game assets, taking possession of their plots of land in the Striker Manager 3 world and becoming the real owner of their club.

Striker Manager 3 was launched in May 2023. Since the launch, more than 10K users have registered into the game and we also have arround 1.100 and 1.300 DAU and 3.500 MAU. They are planning an extensive marketing campaign to drive further growth

“We've partnered with renowned esports clubs, including DUX Gaming (Spain), Team Gullit (Netherlands), Timbers Esports (Mexico) and Qlash (Italy).”

“We also offer "International Basketball Manager 2023" for sale on Steam, expanding our sports gaming portfolio.”

Additional Collaboration with Striker Manager 3 and their sister brand, International Basketball Manager:

Additional Collaboration: In addition to financial collaboration, both parties can explore opportunities to jointly promote events and activities, such as the NBA Pick EM in collaboration with the premium basketball game community (International Basketball Manager 23) or the Soccer Weekly Pick EM with the Striker3 and Krause House Discords.

Community Tools:

The possibility of using Discord tools (Mocha), such as a channel bridging bot, can be explored to amplify communities and encourage interaction between Striker Manager 3 and Krause House members.

It’s important to note that UPLAY Online is also developing a basketball manager web3 game. It will be similar to Striker Manager 3 but adapted to the basketball particularities. They are already working on this game and hope to launch it by the end of this year or at the beginning of the next. Krause House will be positioned to partner with this product as well.

• Community Management & Communications
  • Sharing announcements to community members across relevant platforms and continue being a support mechanism for all KH members
  • Continuing managing the KH Discord Community, fielding questions sync & async in public & private channels
  • Helping facilitate key KH projects & contributors
  • Launch and run daily NBA engagement activities: NBA Pick Em in partnership with B2B, In The Lab and some TBA sports community partners
  • Launch other sports engagement activities based on KH direction and demand ex. soccer/futbol pick em, NFL pick em. Also, proactively partner with values aligned communities to grow our presence should we proceed with launching any of these sports activities.
  • Launch Krause House’s partnership with Striker Manager 3 contingent the Striker Manager 3 proposal passing.
• Fan Content Creation Hub

  • With Mario’s expertise managing cohorts 1 & 2 of the Fan Content Creation Hub in partnership with Mochi, we will run a 3rd cohort with content creators from India & Philippines. The goal will be to surpass Season #2’s success.

  • Mochi Season #2 Recap - Here’s the performance of what was done previous cohort managed by Mario:

    • Total videos = 195
    • Base rate = $10 * 195 = $1,950 or 1,083 $OP
    • Bonus $OP = 511 (views over 100, 200, 400)
    • Total cost = $2,870 or 1,594 $OP
    • Views = 744,042
    • Mille = Views / 1,000 = 744.042
    • CPM = $2,870/744.042 = $3.86

    If we include the whole $5k budget as the total cost, that's still a $6.72 CPM, which is still 33% cheaper than the "industry"

    $10 CPM on TikTok

• Social Media Management
  • Manage & Support KH Social Presence including:
    • Engaging the basketball community with NBA pick em related posts via KH Twitter & sharing any updates where appropriate
    • Regular KH Instagram Posts + Stories to grow the brand
      • Also, growing & building organic relationships with brands & influencers through our Instagram (countless DMs for BD - tough to put a # on here)
• Partnerships
  • Fostering relationships with new & existing partners for KH that add value to our community and the overall KH vision (see Past Work section for an example of those partnerships already closed). These partners may be suitable for helping AIFS with its mission as previously identified with some notable basketball creators and influencers.
• Community Reporting
  • Weekly community highlights & governance roundups via Jerry’s Digest Newsletters (1/week). Note: Mario has paused doing the podcast because he noticed the lack of engagement and listeners compared to the Newsletter.

Mario will provide weekly projects updates in #member-chat with notes on progress, blockers & support areas

Past Work*

Here is a weekly overview of the deliverables completed.

Mario has been an early contributor since the early days of KH with an emphasis on Community Building, Onboarding & Growth.

Since then, Mario has expanded his role to help impact KH in the following capacity:

• KH Partnerships: landing alliances and building relationships with brands like In The Lab, Heir, Tech Runs and Every Court Can Dream / MetaHoops NFT
• Digital Community Management for Partners: Assisting In The Lab & Overtime with managing their Discords for fan engagement
• Ball Hogs Partnerships: landing Merch partnership & distribution with In The Lab and a larger social media rollout (pending announcement)
• Digital Community Consulting with Overtime & YNG Dreamerz. Strategizing on how to grow the YNG fan base, implementing experiments & reporting back to the client on a weekly basis.
• Product Building: building a functional beta product through Heat Check that landed reputable partners & external grants.
• Social Media Support: KH Instagram & Twitter
• Community Reporting: weekly community highlights & governance roundups via Jerry’s Digest Podcasts & Newsletters
• International Court Refurbs: helped coordinate court refurbishments & community events in the Philippines with community members
  • Court #1
  • YNG Dreamerz
  • Diana Taurasi & Sue Bird Dedication (with Dbag & Dluxe)
• Please note Mario has collaborated with numerous KH members on the following projects and by no means are these solo efforts.

By Greg who will be providing non-cash rewards like NBA.com gift cards.

Team Members Assigned to the Project

• Mario, Greg, Dream from B2B & Top Shot

Project Details

Krause House, B2B and In The Lab will collaborate on a 2023-2024 NBA Pick Em

After the success of the FIBA Pick Em which saw 150+ users around the world and nearly 4000 picks made, we would like to increase the stakes for users by providing $10 daily winnings to the top Pick Em Player of the Day!

Why $10 per day cash equivalent prizes?

We noticed most Pick Ems do pay outs at the end of the season and as a result, users lose engagement. However, if we provide prizes daily, we can build increased daily engagement throughout the 173 days of the NBA season!

Top Shot Packs + Game Streams

In addition to the $10 per day, we are in discussions with our NBA fan communities to have prizes such as NBA Top Shot moments, NBA tickets and merch for users. These prizes will be announced as the season progresses.

Top Shot Moments & Packs as prizes

B2B has already committed to provided $10/day to add to the pool and also will provide Top Shot Packs & Moments to top performers on the weekly leaderboards.

Game Streams 3-5/week!

Another cool aspect is Dream, leader of B2B, will be hosting 3-5 Playback stream nights as an official partner. He’ll be streaming NBA League Pass games and providing rewards for viewers who tune in.

The KH community is more than welcome to join the streams to win some more prizes, enjoy the fun and see how their picks are doing.

More on the way…

In the future, we are looking to collaborate with the premium basketball game community (International Basketball Manager 23) & the Soccer Weekly Pick EM via the UPlay Managed Discords.

We are also in early discussions with Overtime’s Discord to participate in the Daily Pick Em.

Clause

If any for any reason this projects progress isn’t going well, Mario, Greg, Stewards & anyone in the community can make a proposal to shut down the project and return any outstanding funds.

To hear Willem’s work, listen to any episode starting at 26 and beyond of Krause House DAO podcast.

This is taking about an hour per episode. Podcast editing as a budget will be capped at $300/month. This proposal will expire in 6 months.

• We have 3 media pillars: 1) Newsletter 2) Podcast 3) Events
• 1. Our newsletter is read by 3000 of the most influential people across Sport, Web3, Media, Entertainment and Tech. We are read by 12 NBA representatives, many of whom are in leadership positions, 3 from FIBA and the CEO of the British Basketball League. We are also read by Paris Basketball, London Lions, Lega Basket Serie A and many others.
• 2. Our podcast includes representatives from McLaren Racing, Manchester United, Brentford, Krause House, The ATP, LinksDAO and more.
• 3. Our events have been attended by some of the most influential industry leaders, including guests from Google, AWS, NBA, EPL, Polygon, Avalanche, HBAR, MLB, BBL, ThirdWeb, TikTok, Rockstar Games, Manchester City Group and more

What do we want to do with KH?

• We are hosting our biggest event yet on the 16th of November with up to 150 people attending
• We want Krause House to become a brand sponsor of our event in NYC later this year
• We have already had HBAR confirm as a brand partner, and are in talks with BitGo and several others to also be partners at the event. We will also look to engage some more Web3 native partners such as NOUNS, Karate Combat and LinksDAO.

The sponsorship inventory includes the following:

• Exclusive brand sponsorship on a basketball hoop machine at the event, fully managed by the Sporting Crypto team end-to-end.
• Listed as a brand sponsor on all physical marketing material (Table tops, posters, stands etc.)
• Listed as a brand sponsor on all digital marketing material (POAPs, video content, social posts etc.)
• A thank you message in our newsletter following the event (Worth $1000 alone)
• Brand sponsor on our thank you video which is posted on all of our social channels

Concluding notes

We believe that fans need a bigger say in sports. In the eyes of Sporting Crypto, Krause House is at the absolute bleeding edge when it comes to developing a thesis and putting it into practice to democratise sports ownership.

We want Krause House to be put in front of some of the highest-ranking decision-makers in Sports, Web3, Tech, Media and Entertainment at our world-class events.

We view this as a perfect marriage and would love to have Krause House as a sponsor at our next NYC event.

The Krause House community approved a $25,000 legal counsel retainer on March 27, 2023. Since that time conversations with ownership groups have expanded beyond the NBA, to groups that are excited to bring the Krause House playbook into their sport.

Details

This proposal requests to amend the original proposal as follows:

1. apply the retainer budget to acquisition opportunities in any league generating over $1B in annual revenues.
2. pledge that the retainer will be repaid to the community from proceeds of any resulting transaction subsequently approved by the community.

Rationale

While Krause House began with a focus on the NBA, it is apparent that our value proposition extends across sport. Securing an LOI with any team in an elite league will be a material contribution to our mission.