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Marketing Fund Committee Q&A  
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Author Topic: Marketing Fund Committee Q&A  (Read 1610 times)

joefox

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Marketing Fund Committee Q&A
« on: June 30, 2014, 02:18:35 pm »

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P2PGuy raised some questions about the Marketing Committee in this thread and asked that they be addressed in a new thread.

This is a great opportunity to create a Q&A thread for the committee, so here it is!  I am responding, in this thread, in my role as the Marketing Committee Spokesperson.

I want to open by addressing P2PGuy's questions, which I think should form a good basis for discussion.


The focus of the [MC] should be on raising funds to do this professionally and within the transparent accounting / scheduling framework we spoke about Steve.  They know it and we know it. So let's acknowledge it and have them focus on getting the funds first, with a plan both short and long term. Let's fix this now and then it can move forward as a strong unit.

We need to be clear: the Marketing Committee (or perhaps better known as the Marketing FUND Committee) was created to manage the disbursement of 2,924,711Nxt.  These funds were given to the committee out of a total fund of approximately 9 million Nxt that was split between us, a Tech Development committee, and an Infrastructure Development committee.

The mandate of the committee is NOT to set strategic direction for Nxt marketing, to coordinate marketing efforts, or to fundraise for other marketing efforts.

Anyone (including a member of the committee) is free to create a proposal for consideration.  These proposals are accepted in a common format, and are evaluated in accordance with our voting procedure (note: the voting procedure post needs to be updated to reflect the fact I am now acting as the committee spokesperson).

Most proposals have been focused on funding specific projects or events.  A few proposals have resulted in the creation of bounty funds -- one for Nxt Speakers and another for the Nxt Wiki.

The committee currently consists of allwelder, jefdiesel, joefox, and salsacz.   Damelon stepped down last month and we are close to procuring a replacement (see this thread for details)

ALL of the committee members are involved in the Nxt community outside of their Marketing Committee work.  Anything these people do or post should be considered personal unless otherwise stated.  I currently speak on behalf of the committee, and will always state that I am speaking on behalf of the committee when I do.

What are the [MC]'s long and short term plans and vision to market NXT to the world?

I think this question has more or less already been addressed.  Our role is to disburse funds.

The committee members are NOT marketing experts.  That's why we accept proposals from others.  We recognize, as part of our membership in this elected role, that we are not an all-seeing, all-knowing collective of world-class marketeers.  For us to set "strategic direction" for Nxt -- a decentralized community -- is for us to assert that we know all that is possible.  This is not so.  On numerous occasions we have been shown that there are very driven individuals in the Nxt committee who have incredible ideas.  Those people are free to pursue those ideas, and can request funding from the committee.

Where is the transparent accounting for the [MC] projects like PayExpo, where did all the funds go, who was paid what and who decided to go wild with all the funds without accounting for them. 

First, you may not be aware that all of the community fund disbursements are tracked in a Google Spreadsheet.  You can see full details here: https://docs.google.com/spreadsheet/ccc?key=0AoE8nAOEMIa7dFFnWjRNYTM4RkhsN3dRRXFBaTBiaHc

We do have data on all of the proposals that have been submitted, but I concede it's not in an easily viewable state.  I will collect all of this information and build a new spreadsheet that lists all of the proposals brought to the committee, and their voting results.  If you're desperate, you'll see that all of this information DOES exist in this sub-forum, in old threads.


The Marketing Committee did NOT contribute any funding towards Payexpo.  As a result, we are not accountable in any way for tracking the use of those funds.  The significant sum of money raised for that effort was from individual donors who wanted to see the expo happen.  Likewise, there is a fundraising effort underway for the 2015 Payexpo, and the committee has not been approached to contribute funds.

Some members of the committee DID contribute personally to the Payexpo 2014 fund.  Those were individual contributions, from personal accounts.

This is a community, there is the voting system here, isn't it ready yet? I see other members like Bitcoinpaul, continually asking Salsacz and other MC members for this accountability too, so it's not only me.

I'm not sure how this relates to the committee -- it's technically in the same paragraph as the Payexpo comment so I assume it's related to that.  The MC has a voting procedure, and it has adhered to it.  We are absolutely accountable for our work.

This weekend, you may have noticed that I followed up on all of our funded proposals this weeekend and asked for status updates on all of them.  With few exceptions, updates have all been provided.

Ideenfrische and others have worked so hard on the Mediakit and now has to beg for help/contributions for funding. This is not right. It should never happen this way. What an insult to him.

If you check the spreadsheet, you'll see that Ideenfrische asked for an received 100,000Nxt from the committee for that branding work.  That is the full sum that was requested from the committee, and the largest single contribution made for that effort.  Several of the committee members have since made personal contributions to thank Ideenfrische for the work.

I hope that's a sufficient start!  Let the discussion begin :)

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jefdiesel

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Re: Marketing Fund Committee Q&A
« Reply #1 on: June 30, 2014, 02:22:42 pm »

Thank you joefox, for putting this reply. together.

I am a member of the Marketing committee and proud to be a part of such a well organized effort.

jefdiesel
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joefox

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Re: Marketing Fund Committee Q&A
« Reply #2 on: June 30, 2014, 02:50:53 pm »

I just re-read my post and saw some typos. I can't fix them because I signed the message and correcting a spelling mistake will break the signature.  Let this be a lesson to all of us: proofreading is our friend!

 :P
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Damelon

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Re: Marketing Fund Committee Q&A
« Reply #3 on: June 30, 2014, 03:53:29 pm »

It should also be clear that the MC (and the same goes for IC and TC) do not hold the budget themselves. They need to go through a treasurer, who holds the account.

In the case of the MC, this is neer.g.

None of the MC members can touch the marketing funds in any way.
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Tosch110

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Re: Marketing Fund Committee Q&A
« Reply #4 on: June 30, 2014, 03:58:47 pm »

I just re-read my post and saw some typos. I can't fix them because I signed the message and correcting a spelling mistake will break the signature.  Let this be a lesson to all of us: proofreading is our friend!

 :P

I was reading it and I did not see any typos that have broken the 'reading-flow' of the message, all fine ;)

Thanks for clearing these things out. Good to see that so many funds are still available and growing in value as NXT itself is groing.
I hope that a lot of good projects can be pushed with such an iniative and that these projects can use the funds for good.

Steve

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Re: Marketing Fund Committee Q&A
« Reply #5 on: June 30, 2014, 04:00:31 pm »

Thank you for your efforts guys. Any committee role is a tough one to be in. Its even more difficult I image when you have finite resources with no promise of additional funding.

Hell even PTA parents can have bake sales, and look at how much those people fight and bicker.
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P2PGuy

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Re: Marketing Fund Committee Q&A
« Reply #6 on: June 30, 2014, 06:33:24 pm »

Thanks for taking the time in making this post Joefox.
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