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Introducing BanyanDAO: Training and supporting Web3 product leaders to promote human flourishing :: with Priya Baveja, Jake Varghese, and Mike Anderson
Ventures
English - February 08, 2022 20:00 - 47 minutes - 32.5 MBEntrepreneurship Business small business startups entrepreneurship venture venture capital founder founders investors investor Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode of Ventures, my guests Priya Baveja (https://www.linkedin.com/in/priya-baveja/), Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/), Jake Varghese (https://www.linkedin.com/in/jake-varghese-498335/) and I (https://www.linkedin.com/in/wclittle/) talk about Decentralized Autonomous Organization (DAO) structure, governance, incentives, and participation. We are a subset of founders currently launching BanyanDAO (https://banyandao.xyz/), which is growing a community of Web3 entrepreneurial leaders to promote human flourishing. Our first training event - to level up Web2 product managers into Web3 - will be in April 2022 (exact dates TBA). For more details and to participate, join us in our Discord server (https://discord.gg/bYnxySgw34) and follow us on Twitter (https://twitter.com/BanyanDAO).
Visit https://satchel.works/@wclittle/ventures-episode-83 for detailed notes and links to resources (videos, articles, etc…) mentioned.
You can watch this episode via video here.
1:56 - Tee-up and background/motivation for the episode & BanyanDAO
5:28 - What is a DAO?
7:58 - Why DAOs are not simple to define. Institution vs. Organization
11:12 - the DAO/Web3 spirit of coming together to build something as a collective to make the world a better place
11:56 - How are we thinking about incentives in BayanDAO?
15:44 - Brief history of BayanDAO from Will’s perspective. How and why it came together.
18:16 - Mike/Priya/Jake’s story/motivation for forming and being in the DAO
21:22 - Invitation to join BanyanDAO. Help bring clarity. Discord can be confusing. Modes of communication / learning best practices for DAO communication. A community of DAO of DAOs.
22:30 - Meaning for web3 beyond [adjective] [animal] NFT clubs.
24:00 - Initial compensation model and token nuances for BanyanDAO. Using https://coordinape.com/ - GIVE token dynamics.
27:10 - Building a DAO in a repeatable way. A great opportunity to learn how to build a DAO
27:52 - Origin of the name BanyanDAO
29:00 - What projects are Mike/Jake/Priya working on? // First project: event upcoming in April to train Web 3 product managers.
30:37 - Is there a date set yet for this?
31:06 - An invitation to everyone to join us for this upcoming event.
31:21 - Mike’s project: working on how to collaborate as a team.
32:25 - The balance between idealism of DAOs (“it will magically work”) and burning out / tragedy of the commons.
34:14 - The four modules of our upcoming event in April.
36:20 - What is the vision for the capstone (module 4).
37:39 - The training event will be on a weekend (saturday and sunday)
37:55 - Intent for the capstone
39:16 - Avoiding tragedy of the commons.
41:00 - Bringing order to chaos, seeing outcomes happen will make things clearer.
43:31 - Final thoughts.
45:02 - Coming back to the purpose: human flourishing.
45:25 - Where can people find Mike/Priya/Jake/Will online to continue the conversation? https://twitter.com/mikeyanderson, https://twitter.com/PBaveja, https://twitter.com/jakevarghese, https://twitter.com/wclittle