I beg to differ that the DOA funds are like a venture capital funding. To be honest if a project has to keep asking for funds in order to operate then it's clearly not operating well and is a negative impact on the money value system of the native token.
These projects need to be run like a business. They need to generate revenue that fuels their own native tokens value and provides real value and growth. These funds are also used to fund development of the project. This is something I feel is critically wrong with many projects on Hive and why we always see downward pressure on hive instead of growth.
I'm sure that's an unpopular opinion but it's my business feelings and finance feelings on all of it. LEO Finance does ALL of this and sure it's a struggle at times but it's one of the very few projects providing value and running things like a real business that grows.
You'd be surprised how much harder you work and less risk you take when your own businesses funds and survival are on the line. Hive projects like this one are bloated, slow and downright ugly.
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Khal is funding a lot of things out of his pocket so you dont see it. He keeps feeding a lot of it so it is a rather poor example.
And when you are dealing with open source infrastructure, it has to be built before it is profitable. You are saying a motel should be profitable while the road is being constructed.
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Considering they also take 11% of everything upvoted on their platform they already have a income source. Idk there's just a lot that doesn't add up well for me with SPK lately.
I can't say how much Khal invests of his own money into LEO perhaps it's a little or a lot but that information isn't public so I don't know. I suspect however with 3k+ income coming from ads that that's helped fuel development at least to some extent in the past. Now it's getting paid back to hodlers (perhaps by end of year) but all those fees etc have to be adding up into something decent to continue on the projects.
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