I love Telegram. Its a much more informal space! Sort of like a local bar where you can chat and catch up.

Lewis Farrell
Yep, thats me.

Cool, cheers, look forward to working with you more

Dave Hodgson
Cool, cheers, look forward to working with you more

Absolutely! This is going to be a great ride! I think NEM have some amazing capabilities for Enterprise.

Lewis Farrell
I love Telegram. Its a much more informal space! Sort of like a local bar where you can chat and catch up.

Yep - unfortunately this bar is closing in the UK soon, its late here, as I said above, if you want further clarification ping me direct is probably easier as a lot of these questions have already been answered before and material is available online for it, I'll point you to it

Lewis Farrell
Absolutely! This is going to be a great ride! I think NEM have some amazing capabilities for Enterprise.

Yep, can't wait to see some of those Enterprise use cases and pitches getting some more professional Biz Dev focus, looks perfect for your background

Dave Hodgson
Yep - thats how is was defined in the proposal the community mandated NEM Ventures based on - worth a read as there is more context in that document

Yes, the doc is good. I guess I am just confused by it being in the proposal but what I'm hearing now is that "term" and "financial" are optional? Context is one thing, I think I get that. But the focus on medium term seems not to be contextual but a statement of an overarching requirement ... or again, maybe I just haven't understood it properly?

why are you guys having this conversation in public?

Andrew | amplemeter.com
why are you guys having this conversation in public?

Reasonable question - @lewisfarrell I have suggested you take it to DM twice, this is the third time.

i think challenging nem ventures in public is fine btw haha

but if it's just interdepartmental information gathering...

Andrew | amplemeter.com
i think challenging nem ventures in public is fine btw haha

Me too - we have had plenty of it, I remember those early forum conversations.🤣 seems like decades ago now!

Dave Hodgson
Reasonable question - @lewisfarrell I have suggested you take it to DM twice, this is the third time.

DM??? Sorry I have not seen anything here. Sorry. I am just asking about public statements. I really wanted to embrace the whole idea of transparency. But if thats not working. I can switch.

nem ventures and foundation are both private entities i though

with a mandate to act in the interest of the community

Andrew | amplemeter.com
but if it's just interdepartmental information gathering...

Hi! My purpose was never to challenge. All I am trying to do is reconcile public statements. Seems very confusing to me.

it's just weird you are asking nem ventures if any of their companies are in profit... you could ask consensus the same thing. the answer is probably no.

medium term is usually 2-3 years I wouldn've thought

like iain said, even some of the most succesful companies are not in profit. i would disclose why nem ventures invested in us but it's private... hard to answer in the public forum

Ok, let me try once more to clear up the confusion, page 5 of the proposal, regardless of any press release quotes that you may find contradictory or confusing.We make judgements based on guiding principles, there is list on that page, one of those is:"Focus on projects that complement existing NEM ecosystem and have high growth potential and returns within 18-24 months; financial, technology or community returns"Note the definition of return and term...that means:- If a company builds something in 24 months and helps adoption = return- If they make money = return. - If they further the community = returnThey can do one, all or some of those and NEM benefits - we try and make an educated judgement if we think its likely they will do so based on their plan and invest in accordance with the governance structure in place.

Good question. Dont mean to be weird. I just saw the announcements that seemed to state various conditions for investment. Then I see more public announcements about investments happening. I live in Silicon Valley where 40%+ of VC funding for the US can occur. Been to a few preso's by some great VC. My questions are similar to the one's I and others have had at pitch events.

Ya. I know what DM is. I just had not seen a request. So sorry. We can go private with this.

Lewis Farrell
Ya. I know what DM is. I just had not seen a request. So sorry. We can go private with this.

Ah ok - on the end of my first message I send "If you need more detail feel free to DM me" and later where I said "ping me direct"

Lewis Farrell
See, that's great and really helpful! All the announcements I saw only have financial when in fact that looks like its not correct, as you say its financial, technology, or community. Huge difference and now makes sense.

Happy to help.Unfortunately the training session has filled the ventures chat group with a lot of superfluous messages, next time please ask me if its information you need and I'll signpost you, as Andrew rightly alludes to, interdepartmental information sharing of information in the public domain can happen off public channels

So I'm going to resurface the announcement that was here prior to the long chat messages and let the group get back to a peaceful Fri/Sat, speak soon. Im heading offline for while

Nem Studios update: https://forum.nem.io/t/nem-studios-update/23460
I am sure most have seen this link that was released over the weekend. Feedback in the forum and google form linked to the announcement are important to capture all the information in the most usable way. It was written by the Migration Group across all entitieshttps://forum.nem.io/t/migration-committee-community-update-1/23476

Happy Birthday @NemVentures & team. Can't believe it's already been a year. This was one major milestone in the life of NEM.

Alexis Trujillo, of NEMEspañol, interviews Jesyka Hiu, NEM Business Developer in Malaysia, in this all-english show (Spanish subtitles) and explains why this region of the Globe is so important for the future of Blockchain Technology
​​Learn how the upcoming NEM #Catapult and #IoT awareness can help in detecting detecting fake & fraudulent ATM parts.Read full article 👉 hereThanks to Bader Youssef of IoDLT for this write up! 🚀
​​​​Here’s the latest Migration Committee update 🚀 All verified Supernode owners are invited to fill-out a survey based on the current recommendations from the migration committee.Click here to find the instructions on how to participate and share your feedback 👉 https://forum.nem.io/t/migration-committee-open-letter-to-supernode-owners/23579
As we are coming to the end of our first legal year, its reporting season around NEM Ventures. We are preparing the first annual community report and want to ensure it has everything in you want, please comment in the forum post here to help us collate it:https://forum.nem.io/t/input-requested-nem-ventures-annual-community-update-report/23626
And as we go into 2020, we have an exciting new idea we want to bring into the ecosystem, but we want to make sure we get it right so are asking for community engagement as early as possible in it. We want to draw on the collective experience of developers, entrepreneurs, investors and everyone else to help make sure it lands correctly.NEM Virtual Incubator / Hackathons, run regularly ongoing, post Catapult launch, with financial prizes and mentoring from a VC team. How does it sound?Comments on the forum pleasehttps://forum.nem.io/t/open-letter-to-community-nem-virtual-incubator-concept/23627
Last one for the day! Also appreciate any input on this idea from the Communityhttps://forum.nem.io/t/open-call-for-input-token-sale-idea/23629

What are the reserved funds @davehodgson? Who controls them and has the keys to them?

Chris
What are the reserved funds @davehodgson? Who controls them and has the keys to them?

They are pools of funds that were set aside when the nem project first started, and earmarked for different purposes like marketing, development etc to grow the nem ecosystem. All funds are kept in multisig wallets with keys held by very long standing and trusted members of the community. Their identities wont be released as that poses a security threat for them.

I see, cool. But how do we know they'll do what this vote says anyway then?

Damn meant to edit that not delete it..

What vote do you mean actually?

Sorry, not a vote - just the proposal that David wrote above