What if some of our most important and culturally-relevant non-profits, which have to spend so much time, energy, and ironically, money fundraising, were owned and governed by DAOs? A treasury backed by real-world assets with a token fueled by narrative upside would be an interesting proposition.
One of the biggest storytelling “lessons” in the 20th and early 21th century was that audiences have an unending desire for “more” of the stories they already love.
Entrepreneurs like Jeff Bezos and Elon Musk use a single unifying principle for decision-making Jeff Bezos: “Does this make the customer experience better?” Elon Musk: “Does this help us get to Mars?”
While big funds need to have sharp elbows -- they need to prove to founders that their money is better than their rivals’ -- solo GPs can pull together Liquid Super Teams of other solo GPs who, together, would give the company a better chance of success. Companies like Party Round will make this even easier and more common.
With technology increasing, we’ll move closer and closer to Neal Stephenson’s Metaverse in Snow Crash, where we live as much online as offline and conduct ourselves according to the online laws and customs, working in the cybereconomy.