Show Notes
Defi’s background and how he got into web3 and DAOs
He bought his first NFT after getting rugged, and he started to get the hang of the web3 rules through the mentors he connected with on Twitter. He joined a DAO that did things really well and by the book, which set him up with everything he needed to be successful moving forward in the space.
Defi’s current projects
Defi is creating a collective of consultants that pay their membership in equity, so they can build their wealth while also helping to further the goals of the DAO.
Common growing pains and how to address them
Defi knows what it’s like to build something from scratch. He also understands that structure is not the opposite of decentralization. He often sees DAOs pull away from the structure that the DAO needs in order to survive. The DAOs are an opportunity to differentiate between power and influence. Everyone in a DAO is a leader, but that doesn’t mean that there shouldn’t be rules that are collectively followed.
Everything that happens in a traditional company has to also happen in DAOs, it just won’t come in a hierarchical model as it does in traditional companies.
Advice Defi has for people who are starting a DAO
Be very intentional about who the starting team is. If you are starting a DAO on your own, then it’s not a DAO, because it is inherently centralized. So the start team is critical to getting it off the ground. And once you have that team, get used to disagreements. Healthy conflict can bring the best results to the project, so getting comfortable with being criticized and challenged is so important to building a successful DAO.
Favorite tools for running a DAO
Defi currently uses Notion.io and Discord to run his DAO.
What is Just DAO It: A Podcast for People Starting DAOs?
Just DAO It! is a podcast for people starting DAOs. Are you thinking about starting a DAO? Just DAO It! Every episode will cover recent DAO news, tweets, and posts from around the web. We’ll break down what the news means for you and combine it with great advice from people who have started or contributed to successful DAOs.
Disclaimer: Just DAO It! is for educational and entertainment purposes only. Just DAO It does **not** contain any legal or financial advice. MIDAO also does not provide legal or financial advice, and nor does your host, yours truly.
Just DAO It! is hosted by Adam Miller, the founder of MIDAO, the company that provides legal entities for DAOs.