One of the good things about forming a legal entity is that it forces the conversation of how wealth will be distributed up front. One of the problems when forming an entity is that you don’t actually know how valuable someone’s contributions will be until you start working together. One founder providing more value than another happens all the time in startups and is why vesting exists.
This squad seems to operate like a DAO, but without any mechanism to reward ownership via a token. The author did mention being a pre-DAO collective, so maybe they’ll form an official DAO to determine stake.
If the goal is to just make stuff for fun and to learn, then perhaps it doesn’t matter. But if one of the projects becomes valuable, I could see it becoming a problem once money is involved to determine who owns what.
Everyone’s a celebrity who’s just temporarily out of the news cycle right now.
/s
There were always people who were outside of “normal” bounds, i think these days it’s just that we’re better at finding each other. This results in groups that previously would have been disconnected lone wolves.
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[ 2.9 ms ] story [ 25.2 ms ] threadThis squad seems to operate like a DAO, but without any mechanism to reward ownership via a token. The author did mention being a pre-DAO collective, so maybe they’ll form an official DAO to determine stake.
If the goal is to just make stuff for fun and to learn, then perhaps it doesn’t matter. But if one of the projects becomes valuable, I could see it becoming a problem once money is involved to determine who owns what.
I think this might work differently than you’re used to. Which is kind of the point.
/s
There were always people who were outside of “normal” bounds, i think these days it’s just that we’re better at finding each other. This results in groups that previously would have been disconnected lone wolves.
Like 15 minutes of fame but with 7 billion TV channels.