# Startup Applications

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### Project requirements

* Must be an idea for a web3 startup
* Contributions must be open source where possible
* Atleast 3% of the startup revenue redirected to the DAO Treasury Pool.&#x20;

### Applications

Applications are encouraged from both team and solo creators. Every application should clearly state the following:

* What you are building.
* Who is building it.
* The timeline you expect to complete the project.
* The funds you are requesting along with the corresponding funding milestone schedule.
* Links to experience or supporting work relevant to your project.

## How to apply

The objective of the application process is to get the proposal on-chain and get vote approval from the FounderzDAO members. Prior to that, every step of the application process is a way to get feedback from the community to raise the chances of getting approved on-chain.

#### Informal proposal

Post your project idea on Discourse using the above application format as a rough template. This should be a rough draft of what your final proposal may look like. Be sure to include everything necessary for anyone to understand what your project entails.

Discourse will be the main channel where you will receive feedback. Once published, proceed to push your idea (including Discourse link) onto the #proposal-ideas channel in the Founderz discord server for exposure.

#### Community feedback

Proposals are open to community feedback and suggestions. Share your proposal in Discord, Twitter, and any other parts of the Founderz community to solicit input from community members.

#### Find sponsors

A minimum threshold of 3% of the total supply is required to submit proposals. Find a FounderzDAO member to sponsor your proposal to take it on-chain. Throughout the application process you will interact with FounderzDAO members which will naturally want to sponsor you given there is interest in getting the project off the ground.

#### Temperature check

Finalize your proposal by incorporating the community feedback you’ve received so far. Once finalized, get your sponsor to share your proposal in the [#startup-proposals](https://discord.gg/XESW26VG2W) channel to get a feel for general consensus around your proposal. You should be reasonably sure that your proposal would pass were it to go on-chain.

#### Push proposal on-chain

With your sponsor, use the proposal creation interface found at founderz.wtf/create-proposal to push the proposal on-chain.

### Next steps

#### On-chain voting

The on-chain voting process is outlined below:

* Once the proposal has been pushed on-chain, there is waiting period of 48 hours before votes can be cast.
* Voting lasts 3 days. Founderz holders or delegates will be able to vote.
* After the voting period ends, if there is a minimum of 20% of the total Founderz supply that voted for the proposal, the proposed transactions (funding) will be executed following our "Startup Funding Rules".&#x20;

### Startup Funding Rules

As you may have read in the requirements, startups funded and created by the Founderz DAO must ensure ( through smart contracts ) that a portion of their revenue goes back into the Founderz DAO's treasury -- kind of like Bybit did with BitDAO.&#x20;

Because of this, our funds will not be released with a single transaction, but following the achievement of milestones listed in the proposal.

### Building

Within the community you will find freelancers and companies that can help you with project development. Take advantage of our tools to create paid community bounties.

As you build out your project, make sure you keep the community updated with progress. While there is no strict protocol, weekly updates on progress are status quo. Drop brief summaries or videos of what you've done on a weekly basis in the discord, the community will be happy to cheer you on and keep investing in your startup.
