DAOs are not the new LLCs
DAOs are the new group chats, protocols, networks
Don’t mistake the trees for the forest
Many have predicted that DAOs will eclipse centralized organizations.
How does that happen, and how do DAOs successfully scale to that size?
Through SubDAOs 🔽
DAOs are a big category. To get a sense, 10x where we are now and then 10x again.
A question for DAOs to consider: in a related trend, crowdfunding, my research & others found that failure & fraud was lowest in cases where people had reputations on the line - raising from friends & family with real names. Does anonymity undermine this? hbr.org/2016/04/the-un…
DAOs aren’t companies. They’re networks. Networks are more valuable than companies.
DAOs are the future of work.
But there's some bosses to beat:
1. Compensation
2. Coordination
3. Compliance
In that order (I think!)
🧵
DAOs are absorbing the internet. This is true across dimensions:
• Talent. Home for the internet's most gifted
• Capital. Controlling billions in digital assets
• Social capital. Where bright minds meet & collab
• Culture. Defining cyber culture
Gm, and let's begin 🧵
Estoy estudiando a fondo @MakerDAO y lo que más me ha volado la cabeza es cómo funciona su gobernanza 🤯
Es el futuro de la democracia, de los políticos y del poder
Hilo de lo último en este tema para entender el poder descentralizado a través del mayor protocolo DeFi 🧵👇
DAOs (governed by communities of fans) will eventually buy sports franchises.
Impact DAOs still feel nascent in web3. How should we be defining them?
➢ community is formed around a mission, not the other way around
➢ collaboration comes first, anyone can make the world a better place
➢ success is measured by regen not degen economics
What else?
Big reveal: the 88-page notes and recordings of the first How to DAO course featuring @santisiri @owocki @CryptononymousE @niran @DekanBro @_kinjalbshah @spengrah
docs.google.com/document/d/1jx…
Join the next live cohort by signing up to the waitlist at dandelion.earth/events/60deda0… 👹
You’ve heard the word DAO thrown around
...but what's a DAO?
Bringing in more power to the people
The beginner's guide to DAOs (how it benefits you and the world) ↓
If DAOs represent the next evolution of the corporation, DAMNs — Decentralized Autonomous Media Networks — represent the next evolution of networked media.
@neuroswish and I are stoked to share this piece and create the very first DAMN. Read & join here:
neuroswish.mirror.xyz/crowdfunds/0xc…
All DAOs I know of are trying to figure out the same things 👇
〰️How to onboard contributors
〰️How to compensate and incentivize
〰️What legal structure to adopt
〰️What product they should grow
〰️How to roll out a token properly
We're at day ❶
I'm going full-time DAOs.
Here's how - and how you can too.
THE ULTIMATE DAO REPORT IS HERE 🔥
@GitcoinDAO and @banklessDAO surveyed over 400+ DAO members to better understand the current landscape
And guess what they found?
That DAOs are the new frontier
Here's why:
newsletter.banklesshq.com/p/the-ultimate…
Time to name-drop your favorite DAO ops tools ✨
1. Onboarding
2. Organizing work & tasks
3. Compensation
4. Recognizing reputation
5. Making decisions & governing
Help fill this -hideous- infographic. (Some tools are hidden intentionally for now)
DAO product strategy
Create small centralized groups that own and ship product
Scale marketing, comms, legal, etc with a decentralized model
Keep product team centralized + agile until you find some sense of product market fit