Americans spend more on legal fees than any other country in the world. In the United States, legal costs — the price of resolving disputes — made up around 2.3 percent of the entire economy, totaling approximately $429 billion just five years ago.
Phelps: Take DAOs. By fractionalizing core functions (treasury management, onboarding, governance, etc.), DAOs allow workers to fractionalize their time across many organizations. Meanwhile, a given task that a worker performs for a single DAO tends to be composable– meaning it can be applied to many other DAOs.
Startup time management in three simple steps:
1. Write down your todo list
2. Trash it
3. Do the absolute most essential thing for the survival of the company