There are obviously ways to avoid that situation. Every DAO that wants to confer ownership could register its tokens as securities, for example. But that adds mountains of red tape, cost, and friction. It slows down innovation. It makes it more onerous to share upside. And ultimately, it forces many DAOs to register elsewhere, in the Cayman Islands... See more
Collapse the talent stack every chance you get . As I reflect on the teams I’ve led and hundreds of start-ups I’ve worked with, there is a consistent unfair competitive advantage i’ve witnessed when the talent stack was collapsed - when the lead designer was also the product leader, when the front-end engineer was also a designer, when the designer... See more
The underlying nature of the universe is insecure, impermanent, and ultimately fleeting. Therefore, don’t seek security, permanence, or prolongation. Instead, make peace with your place in the greater process