DAO Use Cases

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

DAOs or Distributed Autonomous Organizations are communities with a purpose using software platforms to coordinate and execute the policies of the members.

Here are some key uses cases:

Form a charitable group to pursue nature conservancy.

Create a political action group to pursue a political agenda.

Set up an education initiative to foster new learning.

Build a services firm such as legal support to carry out legal activities on the blockchain.

Gather a group of people to bid on an historic artifact.

Support those who are victims of war and plague.

Set up a lending fund and use the DAO to disburse and collect the funds.

Use a DAO to raise funding for a community of startups.

Employ a DAO to buy a piece of artwork.

Create a DAO to specify, build, and offer a software platform for various uses.

Use a DAO to set up a fund to disburse grants to projects in a sector.

Create a DAO as a membership organization for reputation purposes.

Setup a DAO to keep track of all the other DAOs as directory resources.

Join a DAO that supports an influencer and helps promote their values.

DAOs can be used for many purposes including social, governance, political and economic.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

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The Challenge With DAOs

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

DAOs or Distributed Autonomous Organizations are communities with funding resources.

A DAO is a network of people coming together to pursue a joint cause.

It’s easy to start a DAO by creating a mission statement, setting up a software platform, and inviting people to join.

Then offer tokens to incentivize users to further the mission.

Now comes the hard part -- growing the community.

Here are some key challenges:

Growing the DAO with new members who believe in the cause.

Building out the community with processes and policies.

Setting up accountability to ensure the members adhere to those policies.

Identifying strategies to incentivize the members to continue working on it.

Similar to any community interest wanes over time.

As the DAO grows it’s important to set up bots and other software tools to manage the community.

Despite the use of software to execute the policies, member engagement remains the key challenge.

In setting up your DAO consider how to maintain interest and engagement with the members.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

Benefits of DAOs for Fundraising

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

DAOs or Distributed Autonomous Organizations can be used for startup fundraising.

Traditional ICO fundraises were susceptible to scams as they were controlled by a small number of people who made decisions on their own.

DAOs bring many benefits to fundraising as follows:

DAOs are controlled by all the members and not just a handful of people.

All funds are stored with the DAO.

DAOs deploy the funds based on the votes of its members.

This removes the scams that were prevalent with ICOs.

The members can choose to continue funding a startup project or not.

This motivates the startup team to achieve their promised milestones.

DAOs bring additional benefits such as transparency as all transactions are stored on the blockchain and made accessible to the members.

DAOs make the project available to fund by everyone as anyone can join as a member.

DAOs can also bring a network of suppliers, vendors, customers, and other stakeholders to support the startup.

DAOs provide a major improvement to the startup fundraising process over traditional fundraising models.

Consider using a DAO for your next fundraise.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.