{"signature": "0x74d609e6294f02766b345e840b157a75fa26261d965d60d2693ed2ed699a3c0750907d3dacf93881204095666c32771e000a5584b305473ff0dc747102fa0c3b1b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "K6ZWcMs08DQSqFqpdNud2C2tEBGaxnIOp+EtCP/zbbGQ1CeFlgn9IRsqnkINcvfO", "encryptedSymmetricKey": "6bc6e99914695f173bf84703169ce95465e07568fc3121e41d28b1393bbb6e41cfd63c57d7fcd8d8d3d734460d140f0e8f0228087cdc3186bdaca9439750fbf7d12cbb8fbb0d576b7ef9cac0ea88787911e11f29f1726d1b7b29416be3e076a68a1a78945734bb79040b60ab4486601dfc8d30eec508bbf6da3e3d1413b111fe0000000000000020936bed0115c72a35d7b633f5be1dfcc97e3c6866abfdac094f77cc46d13fd4d629b7a5e1de9b239bc118d97bd83b12a6"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "6uJpQ/ihM8VmJ+qGaqjAF1/hbJ6FjeKVLccfDeNHWd4=", "encryptedSymmetricKey": "89b53e29459fc1223b9243c29b4c3f3300561c522e76d117e7ce82fc3605507ca2bb58b8e1eeda465a8a51cb4cddfe168736c5ab06b80cb68d042494c4fe865c263c650c5b51c9b7b2a3de23ee1f43003784126a23e4b01069672c4ef785279679053c978f805297d762f109a8741386bfd524e57ee8c2c86a2b42e9b5e197a30000000000000020e2f7585f65c2abffedc8f1f415f88c415e8dab62686e48b539aa4ea8b30d5b2dec56b3f95ce79595d9e28abef6dff6b0"}}, {"type": "link", "answer": "https://github.com/Bizzed", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "2", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "subgang - janinesubgang.eth\nben-harper27 - harpoon.eth", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "https://twitter.com/j_subgang \nhttps://twitter.com/3266miles\n", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "app.bizzed.xyz", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"type": "paragraph", "answer": "10 000", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants", "VC"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "1", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Europe", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "Yes", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "Bizzed is a groundbreaking platform that democratizes access to private equity investments in profitable small businesses. We're solving the problem of wealth inequality by enabling anyone, not just accredited investors, to buy fractional ownership in the cash-flowing companies that form the backbone of local economies.\nTraditionally, direct investment in small businesses has been restricted to high-net-worth individuals writing large checks. This has left everyday people locked out of an asset class that generates consistent, double-digit returns uncorrelated to public markets.\nBizzed changes that. By tokenizing revenue shares in the laundromats, car washes, and other \"boring\" but essential businesses around us, we're creating a new kind of investable asset accessible to all. Investors can buy in for as little as $100 and start earning passive income from real-world companies.\nOur innovative model leverages blockchain technology to automate cap table management, profit distributions, and secondary trading. Smart contracts enable secure, efficient transactions without the overhead of traditional private equity.\nBut we're more than just an investment platform. We're also helping to solve the small business succession crisis. With millions of Boomer-owned businesses at risk of closing down as owners retire, Bizzed provides a new path to continuity. By transitioning these companies to community ownership, we're preserving critical local services and jobs.\n\nUltimately, Bizzed is about creating a more inclusive and resilient economy. We're using the power of decentralized finance to level the playing field, align incentives between Main Street and Wall Street, and build a world where everyone can own a piece of the profitable businesses in their communities. That's the future we're building, one digital token at a time.", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "Bizzed is on a mission to bring the benefits of Web3 to the masses by abstracting away complexity and providing a user experience that's as simple and familiar as your favorite banking app.\nWe've seen how the current landscape of decentralized finance is plagued by a hostile user experience, with complicated onboarding processes, confusing interfaces, and a lack of customer support. We're here to change that.\nOur platform is designed from the ground up to be accessible to anyone, regardless of their technical expertise or crypto knowledge. We've made a series of deliberate design choices to enhance usability and lower barriers to entry:\n\nFiat onramps: Users can fund their accounts and invest in tokenized businesses directly with their credit card or bank account, without ever having to touch a cryptocurrency exchange.\nIntuitive interface: Our app features a clean, intuitive dashboard that displays all of your investments, earnings, and transaction history in one place. It's as easy to navigate as any modern banking or brokerage app.\nEducational content: We provide jargon-free explainers and tutorials to help users understand the basics of investing, blockchain technology, and tokenized securities. Our goal is to empower users, not overwhelm them.\nCustomer support: We offer 24/7 customer support via live chat, email, and phone. Our team is always ready to answer questions, resolve issues, and guide users through the platform.\nSecure custody: We've partnered with leading digital asset custodians to ensure that user funds are always safe and secure. Users can invest with confidence, knowing that their money is protected by state-of-the-art security measures.\n\nBy combining the power of Web3 technology with a Web2-level user experience, we're making it easier than ever for everyday people to participate in the wealth-building opportunities of the new digital economy. Our platform is a bridge between the traditional financial world and the decentralized future, and we're committed to ensuring that everyone can cross that bridge with confidence and ease.", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "answer": "Bizzed is more than just an investment platform - we're a tool for driving financial inclusion, empowering communities, and creating positive social impact.\n\nFinancial Inclusion:\nAt its core, our mission is to democratize access to the kinds of wealth-building opportunities that have traditionally been reserved for the wealthy and well-connected. By enabling anyone to invest in profitable small businesses with as little as $100, we're helping to level the playing field and give everyday people a stake in the economy.\nThis is particularly important for underserved communities that have been systematically excluded from traditional avenues of investment. By providing a low-barrier, high-yield alternative to the stock market or real estate, we're helping to close the wealth gap and enabling more people to build intergenerational wealth.\n\nSocial Impact:\nBizzed is designed to generate positive social impact at both the individual and community level. By enabling everyday people to invest in local businesses, we're helping to keep wealth circulating within communities rather than being extracted by distant shareholders.\nThis has a ripple effect on local economies. As small businesses gain access to new sources of capital, they're able to expand, hire more workers, and provide better services to their customers. This in turn leads to more vibrant, resilient communities with higher levels of economic mobility and quality of life.\nWe also use our platform to support businesses and projects that are driving positive social and environmental change. For example, we might feature investment opportunities in women- and minority-owned businesses, green energy projects, or affordable housing developments. By making it easy for our users to invest in these kinds of initiatives, we're helping to align capital with social good and build a more sustainable, equitable future.\n\nAt Bizzed, we believe that financial innovation should benefit everyone, not just a select few. By breaking down barriers to investment, empowering communities, and driving positive social impact, we're working to create a more inclusive and prosperous economy for all.", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "At Bizzed, we believe in the power of open source software and the importance of transparency and collaboration in driving innovation. While we have not yet published any of our codebase under open source licenses, we are committed to doing so in the future as our platform matures and stabilizes.\nAs we continue to develop our smart contracts and blockchain integration layers, we plan to release them under permissive open source licenses such as the MIT License. This will include the core logic for tokenizing business revenue shares, distributing profits to investors, and facilitating secondary trading of tokenized assets. By making this code open source, we aim to enable other developers to build on top of our platform, integrate our functionality into their own applications, and contribute back to the broader ecosystem.\nSimilarly, as we refine our front-end application, we intend to release key components such as our design system, UI component library, and certain data visualization modules under open source licenses like the Apache License 2.0. We believe that by sharing these resources with the community, we can help to accelerate the development of user-friendly, accessible Web3 applications and contribute to the growth of the decentralized web.\nHowever, it's important to note that even as we embrace open source, certain parts of our codebase, particularly related to our back-end infrastructure, databases, payment processing systems, and security modules, will likely remain proprietary in order to protect the privacy and security of our users' data and assets. We believe that this hybrid approach will allow us to balance our commitment to transparency and collaboration with our responsibility to our users.", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "Bizzed is currently in the beta stage of development, with a functional prototype that has been tested with a select group of early users and investors. Our immediate next steps are focused on refining the user experience, expanding our business acquisition pipeline, and preparing for a full public launch later this year.\nHere's a high-level roadmap of our development timeline:\nQ2 2023:\n\nLaunch closed beta with a select group of early adopters and investors\nIntegrate fiat onramps and offloads to enable seamless investing and withdrawals\nAcquire and tokenize first batch of 5-10 small businesses across various industries\nImplement security audits and penetration testing to ensure platform integrity\n\nQ3 2023:\n\nOpen public beta to a wider audience of users and investors\nLaunch mobile apps for iOS and Android to enable investing on the go\nExpand business acquisition pipeline to include 20-30 tokenized businesses\nIntegrate with popular Web3 wallets and DeFi protocols to enable greater interoperability\nEstablish partnerships with local business associations and chambers of commerce\n\nQ4 2023:\n\nConduct full public launch of Bizzed platform, with marketing and PR campaign\nReach milestone of 50+ tokenized businesses and 10,000+ registered users\nImplement governance module to enable community-driven decision making\nLaunch secondary trading marketplace for tokenized business shares\nExpand to new geographic markets and business verticals\n\n2024 and beyond:\n\nReach milestone of 500+ tokenized businesses and 100,000+ registered users\nExpand to international markets and launch localized versions of platform\nDevelop machine learning models for business valuation and risk assessment\nLaunch Bizzed Ventures, a dedicated investment fund for acquiring and scaling small businesses\nExplore partnerships with traditional financial institutions and enterprise clients", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "Funding from this round would be instrumental in helping Bizzed achieve our vision of democratizing small business investing and driving financial inclusion at scale. Specifically, we would allocate the funds across three key areas: platform development, user acquisition and community building, and business development and partnerships.", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "Eth Denver - Finalist (Top10) \nSolana Demo Day - Winner (Top 3) ", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 24}], "project": {"id": "0xa31bef6a0eaae9e9673d5b521f325b0e984aaf9d5203c2efd02caf411f4b0cde", "title": "Bizzed", "logoImg": "bafkreiecr3jzqa5dulur5tbmfn6pk5jrio7spvr5zj6b7oqvxtcbus325i", "metaPtr": {"pointer": "bafkreic6gthojpj3xvlcoazzyexzvt5wky2k7a5xnbd3y44itbegl77bk4", "protocol": "undefined"}, "website": "https://app.bizzed.xyz", "bannerImg": "bafkreieqz7qkfovehzpq6os6vmlaidpoqfvvaujupe5xp66nvd6kkcvpb4", "createdAt": 1713857782313, "userGithub": "Subgang", "credentials": {}, "description": "Bringing Private Equity returns to the masses and on-chain. \n\nBizzed is a blockchain-based platform that tokenizes ownership in profitable, cash-flowing small businesses, enabling anyone to build wealth by investing in the bedrock of their local economies. Our mission is to leverage the power of decentralized technologies to create a more inclusive, equitable, and resilient financial system.\n\nIn the United States alone, small businesses employ nearly 50% of the private workforce and generate 44% of GDP.  About $ 5.1 trillion in SME value need to change hands in the next decade as boomers retire. Yet, direct ownership in these vital economic engines has long been restricted to a small class of wealthy, accredited investors. Bizzed is here to change that.\n\nBy fractionalizing equity in established local companies and representing it as tradable tokens on the blockchain, we're opening up a previously inaccessible asset class to investors of all backgrounds. Through our platform, communities can share the wealth they help create.\n\nBeyond democratizing access, Bizzed also drives positive social change. We prioritize transitioning boomer-owned businesses to diverse community stakeholders, with a focus on empowering underrepresented groups. \n\nBy aligning incentives between local business owners, employees, and community investors, we believe Bizzed can help build a more equitable, inclusive, and sustainable economy from the ground up. Our vision is a future where everyone, regardless of their background or net worth, can benefit from the productivity of the small businesses that form the heart of their communities.\n", "lastUpdated": 0, "projectGithub": "Bizzed", "projectTwitter": "bizzedbbt"}, "recipient": "0xe2BE34eAce4eC8882E4636e56F5B64a6005fA6A5"}}