Funding: Decent Partners full stack on/off chain collective
Date: 16 October 2023
Invoice to: Kusama common good fund
Summary: Decent Partners full stack collective
Type: Applied
Structure: Retroactive
Approval: Simple Majority
Detail: https://rfc.decent.partners/t/retroactive-funding-decent-partners-on-off-chain-collective/40
Cost: £103,000
Total inc VAT @ 20%: £123,600
10% volatility margin - any excess will be returned : £12,360.00
Total GBP: £135,960.00
Total USD: $161,000.00
Price: $17.387 2023-10-15 12:55:42 (+UTC), Block #20121771
Total KSM: 9,495
Organisation: Decent Partners
Structure: Hybrid
UK LTD company #10153409
VAT number: 931912824
Project Partner(s) - Richard Welsh
Onchain: jXC7ghviUzVcVySg3eD8prB7C9m6VzK6cw2MTyMTDTUye5q
Offchain: https://www.linkedin.com/in/rfwelsh/
Conflicts of interest: none
Use of funds:
- Working capital
- Recoupable loans
- Decision deposits
- Voting
Voting policy:
Aye - directions
Nay - domains
Abstain - real or perceived conflict of interest
Donations: FvrbaMus8iASyrQYkajQWDxsYvG5gb72PFPuvy8TvkFFVGn
Patronage: patronage.shokunin.network/creators/FvrbaMus8iASyrQYkajQWDxsYvG5gb72PFPuvy8TvkFFVGn/?network=KUSAMA
Contact: @lightbulbwelsh:decent.modular.im
Website: https://decent.partners
Comments (13)
Requested
Proposal Failed
Summary
0%
Aye
0%
Nay
Aye (51)0.0 DOT
Support0.0 DOT
Nay (380)0.0 DOT
I noticed the proposal listed the UK LTD Company as #10153409 (DECENT PARTNERS LIMITED - https://find-and-update.company-information.service.gov.uk/company/10153409) but the VAT number brings up Lemonade Money Ltd which status is listed as 'liquidation'. http://www.vat-lookup.co.uk/verify/vat\_check.php/VATNumber/GB931912824/CompanyName/LEMONADE+MONEY+LTD - mistake or am I looking at this wrong?
@DYMQ4sqbz3BZ9D3NqmYzauno5QPfwqEJ2ZD7CK4PkNYxw2p
Hey - that's indeed a mistake.
Decent Partners VAT number is 306867875.
I (rich) was the managing director of Lemonade Money Ltd, which is indeed in liquidation.
For background, that was a very successful UK based production company that one of my current partners James Payne founded over a decade ago and who I'd tried to hire many times to work at Bigballs/Copa90.
Lemonade Money produced documentaries, music videos and events for the BBC, Channel 4, Red Bull, Apple Music and Nike.
See Four To The Floor, Channel 4
Then Covid happened and all production was stopped for months.
Like many companies in our position we had some government support via loans.
We cut costs to a bare minimum and James ended up having to take a job at the BBC.
In the end the company just wasn't viable given repayments on the Covid bank loan which was the only creditor, so we put it into liquidation.
Decent Partners acquired the remaining assets from the liquidators, including the IP to Four To The Floor.
James has now left the BBC and now works with me on Decent Partners.
Happy to answer any more questions.
LOL. This some kind of joke?