Gm, I guess.
Recap on the Genesis situation from our side, since the team decided to take this public while I was asleep.
I have onboarded Genesis (Sentinel back then) to SparkStarter, because I thought these guys would be a good fit as junior incubators, people that don't fully have all the required skills yet, but are capable of learning them with my guidance, as they had a couple decent incubations, and also a couple horrible ones.
After a while, they wanted to relaunch their incubator brand with a token, I showed interest because I know that an incubator business can be very profitable if done correctly, which would translate to a lot of value to the token, so a good incubation and a win for the community/network.
All was fine untill their first incubation, Guard3, which they promised would kill it, and they were expecting 300-400k starting mcap because there was "tons of interest and good people lined up". Imagine my surprise when there were 4 whole buys after the whitelist bundle, no mods in place, buybots not working, no plans and a quick death as a result.
Bad for Genesis, so bad for me as their incubator, and bad for my platform's reputation, so I decided to start micromanaging them to ensure this wouldn't happen again. Jumped in the teamchat with Guard3, and it clearly became evidend why this happened, I think it's safe to say the Genesis team provided zero value, were hardly active and had zero plans for Guard3. Not something you'd expect out of an incubator.
Gave them a bunch of feedback to work with, for their next incubation, noting that this one had to be better or $GXN wouldn't end up doing well. They showed up with a new incubation, I joined the GC, aswell as my partner and we kept track of what was happening there, which was mindblowingly little.
Genesis team consists out of 3 people, 2 being fulltime. They had zero other obligations (Guard3 failed, they weren't doing anything for Genesis or even talking to their community), so they only had one job: prepare the next incubation to go live in a good way. To my surprise, that groupchat went days without anyone from the Genesis team interacting (me and my partner were interacting more than they were), when they did occassionally log on to talk to them, they asked questions that had already been answered, or told them things to do that have already been done. A wild lack of responsibility, and more importantly for us, a HORRIBLE way to treat our clients as SparkStarter.
So I addressed these issues, told them that this can't go on like this, and yeah, I didn't use the friendliest of words bc at this point I was fed up. To my surprise, instead of using all the info I gave them to improve, they started taking it personal, being emotional and not taking any accountability for the shitty way they were running their business. Instead of doing better, they wanted out. No longer incubated by me, no longer part of the SparkStarter platform.
At this point, I did not want them on the platform anymore regardless, but I also wanted this to not turn into a shitshow for $GXN holders. So I told them they were free to go, as soon as they proved they were a capable incubator that actually provides value to their clients, because if they didn't, they would only have one failed launch under their belt as an incubation, with 0 signs of improvement, which would force me, as their incubator, to protect the community, label this as a failed incubation, and trigger the buyback.
More emotional outrages about needing the money to pay for their bills etc (this is not what it's intended for to begin with), and that it was unfair to take "their" money. They seem incapable of understanding that this isn't their money to begin with. Their business should drive revenue, they failed to do so, so now they want the $ that was generated by traders paying taxes, to cover that hole. But those traders paying taxes are the ones that are affected here, so if I have to decide, that money would flow back to them, not to a team that fails to run their business.
