0x289715ff…c84fsent to0xf790a5f5…1365·#22,425,400·view on Etherscan
moving-flows-forward:-a-sustainable-approach-to-public-goods-funding@0x6a02...80F4
"incapable of producing revenue generating projects"
cup of vrb (vrbs branded coffee cups - about $1k in sales afaik)
https://vrbscoffee.com/
https://vrbs.wtf/vrbs/users (ton of builders earned via splits with the DAO)
fully agreed with latter half of your comment though, all i'm thinking about rn.
> We keep trying to patch the structure while neglecting the internal culture. None of the DAOs mentioned in this proposal has a culture capable of producing revenue-generating projects.
>
> Why do we have to delegate away the responsibility of generating revenue? This is something of a principal-agent problem:
> - Nouns funds external teams/DAOs to eventually bring in some flows
> - Most of them fail and just abandon the project. The team leaves Nouns bc there's no more funding. There's nobody left in the DAO with know-how of the project internals to pivot/repurpose it.
> - Some of them find sustainability, but now there's no incentive for them to stick with Nouns bc they don't need the funding. They go away and do their own thing.
>
> You're proposing we further delegate this responsibility to introduce another tier of principal-agent conflict. I'm highly skeptical that Revnets can fix those misaligned incentives.
>
> If we want to become sustainable, we've got to do things in-house.
> - we've got to fund the people who are here for the long term, not passers-by
> - we've got to develop our internal organization culture to support revenue-generating projects.
>
> We should invest more in wetware instead of hoping software saves us.
> - build trust between contributors
> - scale internal delegation of powers to afford efficiency
> - leverage the far-reaching network of Nouns to find opportunities
> - seize the opportunities internally
>
> Organizational culture has compounding returns. If we keep neglecting it and only investing outwards, the DAO will fade away.
>
> There's no point in deciding how Nouns will fund public goods if there's no plan for Nouns continuing to exist.
> Let Optimism, Gitcoin, EF do that for now...they have the funds and a sustainable flywheel.
>
> We can talk more about funding public goods when we figure out how to fund ourselves.