The Index Coop’s long-term success relies on high-quality, data-driven decision making to shape our protocol strategy. Data drives everything from prospective product demand & current product usage, to revenue breakdown, voter participation, and more.
While the AWG has been impactful, locking down a long-term, full-time contributor who is committed to ensuring the Coop is making data-driven decisions will set the Coop up for long-term success. This aligns with one of our core principles, being ‘data driven, community governed’.
Institutional memory and context is also important, having someone long-term gives stability to the Coop and advantages to our data construction. Understanding/anticipating Coop’s needs is easier with context built up over time.
We build a lot of marketing on the back of data, meaning analytics is another tool to leverage for growth. We could use someone who builds credibility in the space to push this content and represent the Coop externally as a leader.
Strong leadership is needed to build an Analytics team into a core competency that will drive long-term success.
By making this position full time, we align the goals of the Coop and the contributor.
Note: This is not mutually exclusive of hiring engineering talent. There is work being done to solidify a scorecard(s) for engineering roles as that is a clear need.
Compensation: Precedent was set by the first cohort @ $5k and 0.15% of token supply over 2 years. This is a starting point and open to negotiation depending on individual circumstances.
For what it’s worth, I worked as Data Scientist and then as a Data Science Manager for 2 years leading a team of 5 Data Scientists that built data products purchased by some of the largest banks in the world.
As a former hiring manager, a key component of my talent development philosophy is promoting people who are already doing the work.
It is evidently clear to me that @jdcook has been doing superior Analytics work for the Index Cooperative as the leader of the Analytics Working Group for the past 6+ months.
Following the review we agreed to offer the position to a candidate based on the current FT package ($5,000 per month + 15,000 INDEX vested over 2 years).
After considering our offer, the candidate has replied with a counter offer.
As both @DarkForestCapital and @BigSky7 are FT contributors, and so could be indirectly affected by the final negotiated package for Head of Analytics, they have asked to be recused from the package negotiations to avoid any appearance of a potential conflict of interest.
Therefore, I will be coordinating with other senior members of INDEXcoop to continue the negotiations with the candidate.
One additional note:
In the past, I have been involved in the hiring of both junior staff and company directors. Doing this within a DAO changes the process a little. It is my intention to try and pick a middle ground between the openness of a DAO, maintaining individual confidentiality, and acting in a professional way to all candidates (successful or not).
I will endeavour to keep the coop informed as things progress.