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.

_______________________________________________________

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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

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For Investors check out: https://tencapital.group/investor-landing/
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Liabilities in Setting Up a DAO

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

DAOs or Distributed Autonomous Organizations bring people together to pursue a common goal.

Here are some liabilities in setting up a DAO:

Traditional companies use a corporate hierarchy for defining the company and making decisions.

Decisions are made by the leadership and people within the organization execute those decisions.

DAOs are network organizations that use software code in the form of smart contracts to execute decisions and track the results on the blockchain.

DAOs use a voting mechanism with its members to make decisions and determine policies.

Traditional corporations limit the liability of its leadership and employees.

DAOs are unincorporated partnerships that provide no such protection.

In most DAOs, the members are anonymous which complicates KYC/AML requirements for financial institutions.

DAOs should consider registering as a legal entity to gain such protection.

Each state treats DAOs differently as unincorporated entities.

Look for a state or country offering recognition of DAOs as an entity to register your DAO

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

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How To Setup a DAO

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

DAOs or Distributed Autonomous Organizations bring people together to pursue a common goal.

Here are the steps to set up a DAO:

Create the DAO from an existing platform that provides DAO structures.

Choose a template that best fits the function of the DAO such as membership, company, or fundraising.

Set a name for the DAO.

Configure the template for your DAO.

Adjust the settings for the performance.

Launch the DAO.

Attach a wallet for managing funds and transfers.

You can either attach directly to a network such as Ethereum or set up a testbed.

Invite others to join the DAO and contribute to the cause.

DAOs give everyone the opportunity to vote on the direction and policies of the group.

DAOs range from small-group initiatives to large-scale movements.

Start with a small group and test out your idea before setting it up for scaling into a large network.

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/
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On this episode of Investor Connect, Hall welcomes Gabe, CEO of Gunter Medical. Located in Houston, Texas, Gunter Medical is focused on developing innovative medical devices aimed at improving surgical outcomes. Their flagship technology aims to enhance surgical precision while reducing recovery times for patients. Gunter Medical has made significant strides in its development, exploring partnerships and seeking funding to bring its transformative product to market. The company operates with a strong team, leveraging experience in medicine and entrepreneurship to navigate the complexities of the healthcare landscape effectively.

Gabe is a seasoned entrepreneur and medical professional with extensive experience in the healthcare sector. With a background in surgery and medical device development, Gabe has a deep understanding of the challenges faced by both healthcare providers and patients. Before founding Gunter Medical, he worked with various startups, applying his practical knowledge to innovate and improve surgical technology. His leadership and vision for Gunter Medical have positioned the company to address pressing needs in surgical care, aiming for significant impact across the healthcare industry.

In this episode, Gabe discusses Gunter Medical's unique pricing strategy, its capital and disposable components for the medical device, and how the company approaches hospital procurement. He highlights the importance of securing a strong physician champion to facilitate the sales process within healthcare institutions. Additionally, Gabe shares insights into the company’s pre-sale efforts and their plan for FDA submission through a 510(k) pathway, as well as their commitment to supporting surgeons and addressing pain points in surgical procedures.

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

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Forming Capital 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 align a group of people toward a common goal.

Forming capital is often part of the process of achieving that goal.

Here are some key points in forming capital with your DAO:

The DAO should coordinate the members of the community and help achieve their goals.

The members should control the code and not the developers.

There needs to be tokens distributed for work performed in addition to capital invested.

A fundraiser for a DAO must include the amount to be raised, the tokens to be offered, and the rights those tokens bring to investors.

Determine in advance what type of tokens will be used such as stablecoins or your own coin.

Stablecoins remove the risk that comes from your own coin.

The cap table is formed when the funds are raised and the tokens are distributed.

Once the funds are raised they must be allocated between the treasury, yield farming and operations.

Raising for a DAO is no different than raising for a startup.

First, access your network.

Second, draw the circle wider and access those related to your network.

Use the success of the first raise to fuel the second.

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

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For Investors check out: https://tencapital.group/investor-landing/
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DAOs As the Next-Generation Crowdfunding Platform

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

DAO stands for Distributed Autonomous Organizations.

DAOs hold the promise as the next generation of crowdfunding platforms.

Crowdfunding lets anyone raise funding from anyone else through online means.

Here are some key benefits of using DAOs for crowdfunding.

The blockchain provides access to anyone to post and raise funding.

It removes any censorship or gatekeeping.

DAOs provide the promise of building bigger, more complex networks for fundraising.

Current platforms are general platforms in most cases with no incentives for the members to fund startups.

DAOs can provide incentives to those who fund startups of their members.

By providing tokens, the startup can give additional benefits such as the use of the product, access to the team, or additional compensation for helping the startup.

The startup can find additional support through the DAO by accessing the members to buy their product/service, providing support, or enabling the growth of the startup.

It’s the network the DAO brings to the startup that makes DAOs superior to current crowdfunding platforms.

The regulatory aspect of selling ownership stakes into an entity must still be worked out.

Just as it took several years for crowdfunding to gain regulatory approval with clearly defined rules, DAOs must undergo the same process with the SEC.

Consider using a DAO for your fundraising.

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/
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For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

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