Caption shape is correct (but it doesn't mean we want to see only this shape on entries). But we are not convinced that "eye" idea is the best one - it looks like a little bit like some kind of glasses (?). Another thing is that the purpose of this logo is to create some kind of brand, that we want to put on clothes and generally printed gadgets - so it's nice to see well coloured entries, but for each of them it would be nice to see less coloured versions. We want to have a brand, not nice coloured picture with our name! (it doesn't mean it has to be simple as caption, we want to have some "genius" idea there!)