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Session 4 - 26 October 2026

The final live session of the Fund 12 cohort, run by Jonathan Adjei and Harry Hellyer on Monday 26 October 2026.

This page is the catch-up record for anyone who could not attend.

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Recording: https://youtu.be/oR7-Mn8Nv0U

What was covered​

The last session was given over to the cohort: what the course changed for each operator, what should change in the course, and how the material applies to running a real pool. 600 External Biome and 700 The Journey stay open as self-paced modules.

Going round the room, the takeaways were:

  • Seeing the gaps in how a pool measures and assesses the value it creates.
  • The difference between the philosophy of a pool and the systems that run it, and that a plan only counts once it is implemented.
  • Thinking of a stake pool as an organism rather than a machine.
  • Looking at the pool's financial gaps and at the different types of delegator it serves.
  • For a long-running operator, the personal development that five years of running a pool has brought, which the course helped put into words.

Feedback played back​

The session opened with what the cohort told us and what changes because of it. The full record is in the feedback report and the improvements and actions.

Raised again on the call:

  • The modules need more context and navigation. The modular structure makes sense, but it is hard to see how each piece connects to the end goal, and lessons are hard to refer back to while doing an assignment. Better cross-linking and larger images have gone to Andamio as platform requests, and the feedback will be worked into the Andamio roadmap in a dedicated session.
  • More visual, interactive tools. The playbook builder was well received. Next on the list are SWOT and business model canvas views, then interactive PESTEL and Ikigai exercises.
  • A credentials package. Operators want a "logbook" they can put in front of partners and funders, which the course can grow into with more visuals and graphics.
  • Live sessions help. The course is designed to be self-paced, but several people found the live hour useful for motivation and for sharpening their thinking.

What was discussed​

  • Explaining complex ideas to people outside the space is hard, and operators who are ahead of the field feel that most.
  • SPOs are regulated and taxed very differently from one jurisdiction to the next, and engaging with local policy can make a difference.
  • Adaptive creativity (building on what exists) and innovative creativity (rethinking from first principles) both matter, and a team needs a balance of the two.
  • Reaching non-developers means understanding where each group sits, from innovators to laggards, and finding people with the capacity and interest to engage.
  • Cardano has a part to play in educating people about staking and its rewards, and about the wider direction the technology could take.
  • Turning ideas into an executable model is the hard step, even after taking the material in.
  • Concern about Cardano's governance alongside continued belief in the technology.

Points raised in the sessions are recorded here; nothing is attributed to a named participant.

What participants need to do​

  1. Complete the feedback form if you have not yet: https://docs.google.com/forms/d/e/1FAIpQLSfcNVeaAPWBHI1g7-lFpYEQMP29E-fENcnJ-RYRQ6QAW6VEkw/viewform
  2. Finish any open assignments in Andamio, so your credential can be issued.
  3. Tell us what you want next. Think about the complex or applied topics you would want in a future advanced session, and message Jonathan or Harry on Discord or WhatsApp.

What happens next​

The course stays open and self-paced. A close-out report and video will follow. Another live session may be arranged in a couple of weeks, once the updated material is ready, depending on what the cohort asks for.