Darren LI

7. Can’t just raise money and become a DAO, that won’t work. You have to build a product, you have to build a mechanism to keep the product and the community sustainable, and you have to make people love the product and pay for it. Sooner or later, you can let the community take over and let them think about where the product is going.

According to an advertising agency I consulted, for example, a weekly podcast that generates thirty thousand downloads per episode should be able to reach Kelly’s target of generating a hundred thousand dollars a year in income. Earning a middle-class salary by talking through a digital microphone to a fiercely loyal band of supporters around the... See more

6. Don’t start out with a DAO. A lot of our internal governance/decisions or interactions between members is not what you usually see, and I think community governance is extremely inefficient and makes no sense for most products. I think DAOs only make sense for a few small categories of products.

The ability to manufacture quality, trend-responsive clothing quickly and sell it at low prices feeds into the front-end of the business, where Shein’s user experience kicks in to create addictiveness.Building an addictive fashion mobile ecommerce experience comes down to four things:

• Low prices


• Great pictures


• Lots and lots of reviews, with pictures

... See more

9. 85% of the DAOs tracked by Chainalysis have their treasury in a single asset. USDC is more preferred than DAI for DAOs handling stablecoins.

This is a challenging task even for today's state-of-the-art LLMs such as GPT-4, largely due to their inability to generate accurate input arguments and their tendency to hallucinate the wrong usage of an API call