An observation now that I’m in a few DAOs and channels: compared to a startup, it’s unclear what the priorities are and how progress is being made against those priorities. Maybe that’s not the point, but strong believer in you are what you measure.
Tactically, if I have a free 10 minutes to spend thinking about a DAO, a clear place to what’s the current top priority and how you can help feels like an easy win. cf. a simple, regular investor update with clear asks
As someone who doesn’t believe that you are what is measured, this is one of my favorite things about DAOs.
It’s the centralized vs decentralized narrative. So much easier to have clear focus & strategy in a hierarchy. But we’re getting there. Currently having discussions in BuilderDAO around mission/vision/values. cc @10
What are the perks of being in a DAO vs. Being a traditional Angel investor?
Have you checked out Hats yet? https://github.com/Hats-Protocol/hats-protocol
Dao feels like a generic term. Could describe something like a subreddit, or ENS, or buying the constitution. I wonder if we’ll see more niche terms for types of daos
I think the origin of the org matters a lot If you’re really trying to get something off the ground, start with a core group and decentralize over time
There are a lot of different types of DAOs that operate very differently. The Nounish DAOs prevalent on WC are essentially grants programs funding ideas.
Dunno, I think they may just be narrative vehicles, not achievement ones
A question to add to this line of thinking: What are (and were) the top priority of Ethereum and Bitcoin in the first phase?
You are what you do. What you measure is who you think you are. I think DAOs should do. Priorities are overrated. Networks rarely have priorities.
this echoes my experience and agreed, said another way, you can't get anything done without a plan. If the plan for a dao is to be a better way to organize, we haven't seen any plan for that yet
Agree. I think the Bull market really messed with the DAO maturity curve as this idea of making money out of a social token got hold and thus community groups which were aligned in mindset but had no actual aligned goals sprung up. The market made them look successful when in fact they were had no fundamentals.
I think it is a process. At beginning a little group should organize the dao and spread their principles, the dao should have a rewarding mechanism to align incentives of members and founders. Then progressively members getting more power and more knowledge about the dao should adquire more responsability.
Hmm 🤔 maybe... DAOs rely heavily on good communication & culture But no one person gets to define the communication & culture This makes it tough to measure anything, though it does enable more potential measurements to emerge And perhaps communication is built shaping those measurements into priorities
Actually that IS the point and why many DAOs flounder. Missions and Values are arguably more important in a DAO than a startup.
@dwr I have wanted to combine the OKR management framework within a DAO for a long while, essentially putting budgeting and management 'on rails' for DAOs so that there is an objective, numeric approach that is clearly tied to more qualitative objectives of the DAO. Maybe one day... 😅
tend to agree. however, i think there's fairly wide variance in how DAOs are run. In DeFi - AladdinDAO has produced several products (something I didn't think was possible from other less-focused DAOs i've seen)