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It's time to learn a LOT more about DAOs: Decentralized Autonomous Organizations

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Greetings all,

In this week’s episode of Ventures, a group of members from our Web 3 Product Manager Training DAO (which I talked about last week) asked Spencer Graham (https://twitter.com/spengrah) a series of questions about how and why to form a DAO. We talk about practical decision-making, governance, money transfers from a central treasury to pay for services, management and accountability for DAOs operators and contractors, “on-chain” vs. “off-chain” considerations, and legal/tax/regulatory concerns.

Check it out: Practical considerations when designing and forming a DAO :: with Spencer Graham and members of our Web 3 Product Manager Training DAO

Journaling the process of forming a DAO 

I also went ahead and published today: Starting a DAO (Part 1): A step-by-step story of the initial few weeks

✍️ The purpose of this series is to detail my experience forming a DAO from the ground-up with the best tooling, patterns, and practices available today.  

Up until this point, the process has been relatively straight-forward:

  1. Ask questions
  2. Gut-it the vision with friends
  3. Publish a couple podcasts
  4. Do a simple LinkedIn post.
  5. Form a Discord server and invite in a few qualified people
  6. Build out content, intros, channels, etc… in that server
  7. Record an initial training module on the top-level setup considerations (see above)

Now comes the MUCH harder part. How do we go from me playing entrepreneur, making most of the initial decisions, setting up the Discord server, etc... to “we” self-organizing, setting vision/strategy/tactics, distributing decision-making, going “on-chain” with a DAO, getting legally situated in the USA, submitting proposals to manage a treasury, get the curriculum built and teacher/mentor/student cohort processes dialed in, etc…?

We’re basically forming a trade school startup (which I’ve thankfully done before in a traditional paradigm) that will need its own financial model, staff/HR processes, legal & finance operations, etc… in a DAO paradigm.

This should be fun.

Read more about the details of the story thus far here.

Have a great rest of your week!