Decentralized Autonomous Organizations (DAOs): Voting, governance, and lessons from history :: with Dr. Alexandra Sims
In this episode of Ventures, my guest Dr. Alexandra Sims (https://www.linkedin.com/in/alex-sims-833a8123/) and I talk about various academic and practical operational nuances of Decentralized Autonomous Organizations (DAOs). Alex wrote her PhD thesis last year on DAOs (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228), and in this episode we talk about the various types of DAOs, jurisdiction issues, voting and governance mechanisms, and advice for new on-chain organizations forming today to learn lessons from previous DAOs and traditional decentralized organizations that existed long before blockchains.
Leadership via storytelling in DAOs and traditional organizations :: with Jesse Bryan
In this episode of Ventures, my guest Jesse Bryan (https://www.linkedin.com/in/jessebryan/) and I discuss the power of storytelling when leading an organization of people. This conversation dives into not only how a Decentralized Autonomous Organization (DAO) can reinforce vision and mission with story, but also how traditional corporations can (and should) conduct themselves when interacting with customers. We talk about how a Commodity + Story = Product, how to keep the main thing the main thing, how stories + status are the two pedals of moving an organization forward cohesively, and how/why to tell stories in conversational language as a business.
Three reasons why I'm excited about BanyanDAO's April 29, 2022 Training Day event for leveling-up into Web3 product management
BanyanDAO is a new Decentralized Autonomous Organization (DAO) devoted to promoting human flourishing by growing a community of entrepreneurial leaders. We are a group of 150+ people, most of whom have never met each other in real life (IRL), coming together to - initially - host a Training Day event on April 29, 2022 to help people level-up from Web2 into Web3 product architecture, design, and management.
My hope for Web3 social media
Last November (2021), Solana Ventures and Alexis Ohanian announced a $100M initiative for Web3 social media. Alexis also led an $18m round recently into Rainbow App, which plans to ramp up its social media efforts. Overall, there seems to be a rush toward recreating Twitter, Reddit, Instagram, TikTok, etc. in Web3. But let’s step back for a moment. Is this a good thing? Do we really need an exact replica of existing social media platforms, but owned and governed by “the people”? Will that fix the fundamental problems?
Play-to-Earn, building in Web3, and the Arena.gl story :: with Chase Thompson
In this episode of Ventures, my guest Chase Thompson (https://www.linkedin.com/in/chasejthompson/) and I talk about the Play-to-Earn space, how to build in Web3 as a product manager and entrepreneur, and his story building https://arena.gl. We dive into topics such as Web3 gaming, token models, DAOs, NFTs, the types of games that can be played on Arena, the next waves in Web3 that are coming for entrepreneurs to take advantage of, and how to practically dive into Web3 to learn more and start building.
Governance, legal, and incentive structures for Decentralized Autonomous Organizations (DAOs) :: with Angela Angelovska-Wilson and Mike Anderson
In this episode of Ventures, my guests Angela Angelovska-Wilson (https://www.linkedin.com/in/angela-angelovska-wilson-38600a1/), Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/), and I discuss three major issues with DAOs: (1) operational governance structures, (2) legal and jurisdiction issues, and (3) various types of incentives for founders and participants in DAOs. For informational purposes only, we talk specifically about our experience launching BanyanDAO (https://www.banyandao.xyz/), how Angela advises DAOs from a legal perspective given her background and extensive professional experience in the space, and how DAOs design incentive models. More than just financial incentives (which are, of course, important), DAOs should clearly communicate with their communities about the unique opportunity of learning/building together as a scaled and decentralized team from the start.
The evolution of identity and data sovereignty in Web1, Web2, and Web3 :: with David Harding and Solomon Cates
In this episode of Ventures, my guests David Harding (https://www.linkedin.com/in/daveh003/), Solomon Cates (https://www.linkedin.com/in/solcates/), and I discuss all-things identity and data sovereignty leading up to - and within - the present Web3 era. We tee-up a framework to think about identity verification and data warehousing, cryptocurrencies vs. Central Bank Digital Currencies (CBDCs), Identity Assurance Levels (IALs), Presentation Attack Detection (PAD), and how to think about building Web3 applications with a realistic hybrid of both centralized and decentralized identity verification and control services.
Back to the fundamentals of people, metaverses, and DAOs
Will's General Newsletter (Weekly) :: Feb 15, 2022
Introducing BanyanDAO: Training and supporting Web3 product leaders to promote human flourishing :: with Priya Baveja, Jake Varghese, and Mike Anderson
In this episode of Ventures, my guests Priya Baveja (https://www.linkedin.com/in/priya-baveja/), Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/), Jake Varghese (https://www.linkedin.com/in/jake-varghese-498335/) and I (https://www.linkedin.com/in/wclittle/) talk about Decentralized Autonomous Organization (DAO) structure, governance, incentives, and participation. We are a subset of founders currently launching BanyanDAO (https://banyandao.xyz/), which is growing a community of Web3 entrepreneurial leaders to promote human flourishing. Our first training event - to level up Web2 product managers into Web3 - will be in April 2022 (exact dates TBA). For more details and to participate, join us in our Discord server (https://discord.gg/bYnxySgw34) and follow us on Twitter (https://twitter.com/BanyanDAO).
Unlearning racism, merging DAOs, and thoughts about compensating DAO participants
Will's General Newsletter (Weekly) :: Feb 1, 2022
Startup accounting & finance, DAO & Web3 summary notes, and mental & physical health
Will's General Newsletter (Weekly) :: Jan 25, 2022
Ryan Selkis' Crypto Theses for 2022: Brief summary and reflections
Over the holidays I had a chance to sit down and carefully reread Ryan Selkis’ (https://twitter.com/twobitidiot) Crypto Theses for 2022 (https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf). Regarding Web3, Balaji Srinivasan said of this PDF: “If you understand everything in here, you are up to speed.” While I certainly agree, this 165 page paper is not for the faint of heart. Ryan covers narratives and investment themes, people to watch, thoughts on Bitcoin, American crypto policy, market infrastructure, NFTs, Web3 plumbing, DeFi 2.0, Ethereum layers & bridges, and DAOs. I’ve been reasonably following and investing in this space for 5+ years, and I still had to read many sections multiple times to wrap my head around it. Overall, I’m super impressed with the thoroughness of the document. He wrote this up in Oct/Nov 2021 and many of the predictions/theses have already become reality just a few months later.
Alexandra Sims' PhD Thesis on DAOs: Brief Summary and Reflections
Decentralized Autonomous Organizations (DAOs), enabled in the past decade by blockchain technology to manage transparent treasuries and governance, have considerable promise to accelerate human coordination to accomplish important goals in the coming decade and beyond. New “no code / low code” solutions for creating and maintaining DAOs have facilitated a rapid growth in both interest and experimentation with new DAO structures. I was recently referred to Alexandra Sims’ PhD Thesis on DAOs: Governance, Dispute Resolution and Regulation (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228, published May 31, 2021), and I was delighted to read it over the holidays. While I won’t pretend to fully represent the work presented by Dr. Sims (and instead refer you to the PDF linked above), in this article I will attempt to share a brief summary of its content and my own personal reflections.