1. To clarify, am I correct in understanding that neither you nor your partner have prior experience as venture capitalists or as startup accelerators, either within Web3 or other industries?

2. Could you provide specific details on your backgrounds, including any prior investments you've made, what projects those involved, and the outcomes achieved? What makes you more qualified than others to invest in Web3 startups?

3. Additionally, how much equity or stake do you plan to take from each company you invest in, and what are your criteria for selecting these startups? How much of this equity will be given back to Polkadot for helping fund the investments?

I have to be candid — as someone who actively raises funds for startups, I wouldn't find this offer compelling enough to pursue. This pitch feels unpolished and lacks the depth needed to inspire confidence, given there is such little actual information and so much fluff provided. I would recommend refining it further to meet the standards expected in competitive investment ecosystems like Silicon Valley.

It looks like this proposal was initiated on the Small Spender track, which seems like the wrong one given the amount requested, so it’s likely to fail in execution even if it’s approved.