They have a good process by having a board of directors, which distributes the decisions more, but then it comes to the question of who is watching the board to ensure transparency and value distribution is not just collaboration 🤔
nostr:npub10pensatlcfwktnvjjw2dtem38n6rvw8g6fv73h84cuacxn4c28eqyfn34f and nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx need to be 100% transparent with the public about the terms of their grants and the process of selection and approval. If there is anything unknown about it, it needs to be known and made public. And if there are any closed door back room decisions being made that aren't disclosed, then anyone donating them ought to stop.
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Discussion
Anyone receiving grants ought to be allowed to fully disclose the full text and terms of any contracts or other agreements with no repercussions. The relationships between OpenSats and Ten31 and all members of both organizations, and the companies and projects they invest in and give grants to, ought to be made fully public and transparent. On the surface this reeks of fiat world bullshit and if that's not the case then they need to take great care to ensure that level of transparency exists.
The layer behind the board is the donors. Incentives always drive behavior.