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Poll Results on Strategies: Development

❓Toward community-driven development in the long term, how to balance our top-down control versus external autonomy? Spinoffs ($1M for initial development then raise $5M) Studios ($10M initial funds) Acquisitions ($2M per engineer) Agencies ($250K per campaign) Partners ($1M per campaign) Grants (1000 grants, $100K each)
NameSpinoffs ($1M for initial development then raise $5M)Studios ($10M initial funds)Acquisitions ($2M per engineer)Agencies ($250K per campaign)Partners ($1M per campaign)Grants (1000 grants, $100K each)Toward community-driven development in the long term, how to balance our top-down control versus external autonomy?*Name
🛡Rongjian
10
10
25
25
20
10
It really depends on the initiative, but in general, I think acquisition and agency are more likely to work out better since it’s proven by many other companies. You can more control on the quality and deliverable from the acquisition and agencies.
🛡Rongjian
🏃Leo
40
20
5
5
20
10
each major initiative can be spin off from the harmony team and run independently with bootstrap support by Harmony foundation. each of them can raise fund and issue their own token for long term sustainability, similar to how Ethereum/Terra was developed
🏃Leo
🎽Li
20
20
0
10
0
50
Spinoffs: voted for this for specific products that can be a spinoff. Studios: similar to spinoffs. Acquisitions: are hard to do and takes time to align. Agencies: can be brought in for very targeted hackathons, events or campaigns. Partners: historically we’ve been able to launch campaigns with partners but not sustain. Grants: still view grants are the way to scale and source new talent to come into our ecosystem.
🎽Li
🏏Ganesha
0
10
20
15
15
40
Both spinoffs and acquisitions are less likely in our case. Within them, i like acquisition more as the chance of success is higher compared to spinoffs which require great motivation and long-term commitments. Studios, agencies, partners are less of a choice and more of what is needed to be done, when the situation/demand arises. For long-term, i still bet on the quality grants.
🏏Ganesha
🛹Peter
40
5
10
10
25
10
🛹Peter
🌲Sam
40
5
10
10
25
10
By spinning off new projects, we get the opportunity to work closely with the teams as they build, creating a deeper connection and loyalty. The right sort of partner will bring their community with them as they launch.
🌲Sam
☁️Giv
20
10
40
10
10
10
Strategic acquisitions are hard but the right teams can add immediate value Both in terms of scaling engineering teams with new skillsets and also great PR and marketing opportunities.
☁️Giv
⚔Soph
40
15
5
5
10
25
spin off and grants on projects has their pro and cons but they are the best way to figure out the next DFK
⚔Soph
🚗Boris
0
0
50
0
50
0
We must work with entities that have a stake, that are willing to risk, not with service providers
🚗Boris
🐉Jack
-50
0
50
0
50
50
We have very little at hand to spin off. Probably grow and acquire over next 2-3 years to 50-200 ppl, and then a spin off later makes sense. Studios need to have a purpose and should grow organically, not forcefully. Partnerships is our extension for teams that wish to have their own roadmap, while grants need to be targeted well
🐉Jack
🎥Adrian
50
15
50
-50
25
10
I am not a fan of agencies... they take your money and work on 5 clients at once, leaving you with very little attention to your brand. In-house is always best. Where agencies provide the greatest value is quick one-off projects that don’t require any further investment. Being that Harmony is always iterating, this shows that we need a constant flow of output, something in-house can do better than an outsourcing an agency.
🎥Adrian
🔭Daniel
0
5
50
0
20
30
The right acquisitions can bring great value to Harmony, and I still believe that grants are a great way to encourage development on our chain but our grant allocations should be looked at again (more to Launches, less to DAOs).
🔭Daniel
🎬Danny
10
10
30
10
10
30
I believe grants are great if the right projects are chosen. We should focus on quality projects with promise and support them. Acquisitions is great as well because a team is already building and has clear direction; the real question is, what kind of projects or products do we want to acquire? What do we want to be known for? With this being said, I do believe that there are situations where spinoffs, studios, and partners should be considered for development.
🎬Danny
⛵Hakwan
20
20
0
20
20
20
⛵Hakwan
🎤Matt
20
5
25
0
25
25
acquisitions, grants, and partners seem to have the highest roi in the short to medium term
🎤Matt
💃🏻Essa
20
5
40
5
20
10
I agree with Daniel in that the right acquisitions and grants can bring great value to Harmony. Spinoffs are a great way to absorb ourselves deeper into our community and builders.
💃🏻Essa
🦒Brian
17
17
17
16
16
17
Effectively abstaining as I’ve managed internal dev teams and small external, but not external projects on a large scale nor know the challenges involved with each option - and I do not want my ill-informed vote to skew results in advance of discussion.
🦒Brian
🐯Tom
30
10
20
10
20
10
Spinoff, acquisition and partnership are my top 3 choices. let’s study the history of top 3 products: trust wallet, metamask, etherscan. who developed them?
🐯Tom
⚽Abhishek
10
25
10
25
20
10
⚽Abhishek
🛰️Max
30
20
0
30
0
20
Being a bounty alumnus myself, I obviously have a soft spot for the grants approach. However, this does not necessarily result in strong cohesion with the ecosystem so I have scaled it down.
🛰️Max
⛓️Konstantin
10
10
10
10
10
50
I believe in grants.
⛓️Konstantin
🪙Gheis
25
15
25
5
15
15
🪙Gheis
💊Sahil
💊Sahil
⏳Zi
50
-50
0
50
0
-50
Incentives alignment; missionary vs. mercenary
⏳Zi
💻Aaron
60
0
0
0
40
0
💻Aaron
⚛Jackie
30
0
0
0
50
20
Need major service partners like LooksRare, X2Y2, Infura, Alchemy, Collab.Land to support Harmony. Spinoffs can be a big part because spinoffs are still within Harmony community and increase overall marketcap of the Harmony community. Grants are great to attract inbound developers.
⚛Jackie
📖Devin
60
5
10
5
20
10
Though they take more time, spinoffs are the most desirable (without consideration to time) way to go in web3. Partners and Acquisitions are, on the other hand, a great way to build with others and not waste time.
📖Devin
🐇Rachel
0
0
45
20
10
20
Acquisitions could be a viable pathway to helping Harmony get already existing & functional projects (ie games, blockchain infrastructure projects such as tooling) Working with a professional marketing agency is also vital to our success, as well as maintaining relations with partners.
🐇Rachel
🐐Mikey
5
20
15
25
20
15
It’s important to take into account the community’s feedback when developing or considering different types of initiatives. Studios may refer to gaming studios? Partnerships may refer to slapping the Harmony logo on sports teams? Agencies may refer to marketing agency campaigns?
🐐Mikey
🚜Demetre
25
5
50
5
5
10
I think releasing Krakens from the mothership or absorbing talented teams would be very effective. Studios, agencies and partnerships are to an extent only as good as our tech can deliver right?
🚜Demetre
💿Kelly
I don’t have enough context to make a strong recommendation.
💿Kelly
🌟Novell
0
0
30
0
40
30
Is there anything meaningful that can be spun-off currently? For this question to be appropriately answered, I will need to understand what is the overall strategy for Harmony? Where is the opportunity and what are we lacking? This question begs the “How” and I first need to know the “What” and the “Why”. Depending on the need and the timeline, my general preference is on strong partners and grants. However, the devil lies in the details here. The execution and the follow through. Additionally, if there is a particular strategy that Harmony is going with and feels strongly about, but lacks the technology or the project to support it and there is an existing strong product, then the acquisition may make sense.
🌟Novell
🦋Amy
🦋Amy
🤖Eric
10
10
20
10
25
25
For me, a question of how you get the most bang for the buck, and the highest likelihood of results. Spinoffs and studios require rampup time and management, agencies can be effective with a well defined scope, but are better at short-term work. The right acquisitions, partnerships, and grants are more likely to start with a defined objective, have an execution plan, and have alignment with ecosystem goals
🤖Eric
♒Nick
10
10
10
10
10
50
i think grants one of the best ways to grow a sustainable ecosystem; successful grantees can grow to partners
♒Nick
🧑‍🍳 Victa
10
10
30
0
10
40
I’m not a fan of agencies. Acquisitions bring on talent and the right acquisition can be a great boost to the harmony community. I think grants are a great way to bring on communities. We should consider how we can better utilise grants tho. Its similar to the DAO initiative. From community optics there is a strong need to consider ROI for the harmony ecosystem itself; and it should be a criteria for grant disbursement
🧑‍🍳 Victa
🐙Sergey
🐙Sergey
📱Tejassvi
📱Tejassvi
🏔Diego
20
20
20
20
20
20
I don’t have a lot of info to give a meaningful answer
🏔Diego
🏓Xiaopeng
40
20
5
5
20
10
🏓Xiaopeng
🍩Bruce
🍩Bruce
🥤Jeremy
🥤Jeremy
🚛Mohamed
🚛Mohamed
🛫Tahir
🛫Tahir
🎯Hochung
20
40
0
-20
50
10
💣Paola
0
0
0
0
0
0
I prefer to abstain here as I am not familiar with the current approach, but a word of caution on agencies based on the 15+ yrs of working with them - IMO they only make sense IF it’s a very well defined/short-term project AND WHEN there is a clear internal lead driving the strategy and execution [ie. they become an extension of the team from an operational standpoint]. The core capabilities need to be in-house, and so does the heavy lifting / foundational work on strategy and direction. Any other option of working with them basically means flushing $$ down the drain:)
💣Paola
🍄Darren
0
20
20
0
30
30
Fully have seen announcements of grants and partners fire up the community like nothing before. They are also great for organic marketing and outreach.