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Dan Romero
@dwr.eth
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.
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Gregor pfp
Gregor
@gregor
What are the perks of being in a DAO vs. Being a traditional Angel investor?
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Elie pfp
Elie
@elie
Lots of different versions. Most DAOs aren't VCs. Most are closer to companies that have funds to spend. Some are just WhatsApp groups with a shared bank account.
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Gregor
@gregor
Oh yes. I was curious of the answer. Also curious, what’s the most interesting you’ve done with a DAO?
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Elie pfp
Elie
@elie
There’s a DAO I joined and got promoted to the technical team. The structure is something like 4 founders. 12 contributors below that. 3 technical dept. 3 marketing. 3 finance. And 3 operations or something else. Then there’s another 150 or so contributors below that which you buy in at.
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Elie pfp
Elie
@elie
All the money that got put in goes towards building products for the dao. They also want to raise money and launch an nft collection and people that hold the collection will be another level below. I don’t think anyone in the dao is being paid and all the money goes to external parties to build.
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Elie pfp
Elie
@elie
I might be wrong about every penny spent but for the most part the funds of the dao were sent to an external agency to build a product for it. And the founders and 12 below are unpaid.
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