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Repeat after me: neither venture capital investment nor easy access to risky, highly inflated assets predicts lasting success and impact for a particular company or technology. Remember the dot-com boom and the subsequent bust? Legendary investor Charlie Munger of Berkshire Hathaway recently noted that we’re in an “even crazier era than the dot-com... See more

you have to think of experts as revenue generators instead of cost centers. By involving experts, you increase the conversion rate, which decreases customer acquisition cost. Customers pay for half of their compensation [through tips], and the return rate is about 1%, which is about an order of magnitude lower than competitors in the industry, so... See more

Zooming out, this is where capitalists and socialists should finally find common ground. In this new world, everyone becomes an investor. We go from thousands of people with financial upside in companies, to millions. We go from 1% capital to 99% capital. On any given platform, labor becomes capital. The ethos of a co-op merged with the efficiency... See more

With communities often preceding social and technological revolutions, incubation DAOs play a key role in exploring the idea maze of nascent markets becoming the ‘homebrew computer clubs’ of various ecosystems.

9. You have no strategic value without EBITDA.

A poor Coordinape setup could mean contributors are incentivised to reward their friends and the most active Discord users, not those who actually provided meaningful value.