From b95500b383b7876280f27ca282358937ccf6ef42 Mon Sep 17 00:00:00 2001 From: Andrew Miller Date: Mon, 26 Jun 2017 10:06:00 -0500 Subject: [PATCH] minutes (thanks peter for saving notes) --- board-documents/minutes/02-03-2017.md | 49 +++++++++++++++++++++++++++ board-documents/minutes/04-05-2017.md | 24 +++++++++++++ board-documents/minutes/04-18-2017.md | 3 ++ board-documents/minutes/06-09-2017.md | 40 ++++++++++++++++++++++ 4 files changed, 116 insertions(+) create mode 100644 board-documents/minutes/02-03-2017.md create mode 100644 board-documents/minutes/04-05-2017.md create mode 100644 board-documents/minutes/04-18-2017.md create mode 100644 board-documents/minutes/06-09-2017.md diff --git a/board-documents/minutes/02-03-2017.md b/board-documents/minutes/02-03-2017.md new file mode 100644 index 0000000..19c71cc --- /dev/null +++ b/board-documents/minutes/02-03-2017.md @@ -0,0 +1,49 @@ +Initial Board Meeting +===================== + +Feb 3, 2017 +2:05-3:02 pm EST +In attendance: Andrew, Peter, Matt, Naval, Rainey + +Minutes +------- + +2. Incorporation + +- Board agreed to approve bylaws. + +- Try to be a charitable nonprofit? +Board a strategy to go for 501c3 and revert to 501c6 if that fails. + +- Officers + +Secretary: Peter +President / Treasurer: Andrew + +- Andrew plans to schedule a weekly office-hours hangout. + Peter plans to attend frequently; digest in email if board-important issues discussed + +- Reminder to Please send conflict of interest forms + +3. Funding report, plans for how to handle it: + +- Board agreed to a broad strategy of folding funds primarily in Zcash (we’re less relevant if Zcash value crashes) + Some in dollars for bare minimum of near/medium term expenses. + +- Operational: possibly a multi-sig scheme where 5 of directors should hold key shards, policy to be determined. 3 of 5 to sign? + +- We begin with donation pledges of portions of the Founder's Reward, the largest of which comes from Least Authority + +- Board agreed to prefer a 1-time permanent transfer of rights rather than month-to-month + +4. Priorities, ideas. + +- Community development, diversity +- Communication platforms to hear stakeholders and actively encourage their participation. e.g. Miners, mining pools +- Development funds, bug bounties, fellowships + +5. Future of governance process. + +Start with no governance framework, but develop one. Goal is to eventually over to the “community”, via the “governance process”, in 9 months. + +By polling current users. We should also represent people who are not part of the community yet. diff --git a/board-documents/minutes/04-05-2017.md b/board-documents/minutes/04-05-2017.md new file mode 100644 index 0000000..957b0fa --- /dev/null +++ b/board-documents/minutes/04-05-2017.md @@ -0,0 +1,24 @@ +Zcash Foundation Board Meeting +============================== + +April 5, 2017 +Started 9:12-9:55 PM (Athens time) +In attendance: Peter, Andrew, Naval + +Minutes +------- +1. Need a new 5th Board Member +- Board discussed potential candidates but did not reach a decision + +2. Application for non profit status and ‘activities’ statement + +- Peter wrote an initial draft of activities statement +- We discussed a conversation with our lawyers at Bryan Cave on managing Conflict of Interest involving our involvement in Zcash, and what this means for our viability as a 501(c)(3). + +2. Budget update +- Andrew received the first dibursement of pledged donations from Zcash Co, consisting of a portion of the Founder’s Reward that has already sold and earmarked for the foundation (estimated ~$90k). +- We discussed the need for a management team, such as an Executive Director or half-time administrative staff. + +3. Test transaction awards. +- Andrew proposed making a “test transaction” awards, a one-time only, community award, to (partially) subsidize volunteers who have invested a lot in zcash infrastructure. In particular, I would like to propose that we make the following three, one-time only “Test Transaction” awards, worth $2,000 each, to mineZcash, lustro, and radix42. +- The board approved the test transaction award proposal diff --git a/board-documents/minutes/04-18-2017.md b/board-documents/minutes/04-18-2017.md new file mode 100644 index 0000000..5cd6ae0 --- /dev/null +++ b/board-documents/minutes/04-18-2017.md @@ -0,0 +1,3 @@ +Resolution +========== +The board unanimously approved (over email) to invite Yan Zhu as fifth board member \ No newline at end of file diff --git a/board-documents/minutes/06-09-2017.md b/board-documents/minutes/06-09-2017.md new file mode 100644 index 0000000..2030a57 --- /dev/null +++ b/board-documents/minutes/06-09-2017.md @@ -0,0 +1,40 @@ +Zcash Foundation Board Meeting +============================== + +June 9, 2017 +Started 11:00 AM EDT +In attendance: Andrew, Peter, Yan, Naval, Matt + +Minutes +------- +1. We welcome Yan as fifth board member + +- General discussion welcoming Yan and reviewing scope of organization + - Financial Privacy broadly vs Zcash network specifically + +- Each member shared what they are excited about regarding the plans for what the foundation should do + - Andrew: grants to good samaritans in the community + - Peter: working groups (like W3C) to create more organic development of the tech that outlasts the Zcash company + - Matt: Encouraging research on new uses for the protocol beyond cash, privacy and zk proofs in other realms and applications + - Yan: agrees with Matt, very excited about all the ways the tech can be used + - Naval: make sure foundation is run as sensible enterprise (with good cash management). + +- Yan asks what the impetus for the foundation’s creation was + - Andrew: much of it to be a recipient of the funds that are to be pledged from the mining reward for open development/non-profit + +- Andrew discusses our status as bootstrap board and the ultimate movement, potentially toward a permanent board. + +2. Discuss pending 1023 application, yet again +- We reviewed a further revision of our activities and purpose statement +- We reviewed a discussion with our lawyer on whether Zcash Co is a "parent company," and concluded "No", as we do not have a leadership role or controlling interest within the Zcash company. +- The board approved to file our non-profit application + +3. Budget +- The board approved to reserve 300 ZEC (approximately $80,000) for the grant program +- We reviewed a job description written by Peter and Andrew for a Senior Project Manager and/or a Communications Manager. The board approved publishing the job description +- The board approved to reserve a budget for a 2-year salary for project manager, $83,200 +- The board approved for treasurer (Andrew) to determine a way to exchange ZEC into dollars for this purpose, having money in $ safe to pay employee(s) + +4. Working groups +- The board approved a draft of policies for a "Working Groups" model for coordinating volunteers. +- The board approved to authorize the President (Andrew) to approve a working group without needing a board decision. \ No newline at end of file