I would recommend, when making a startup, you have a clear idea of what your startup would actually do, which takes into account your own & your company’s strengths & weaknesses & comparative advantage. Many want to make money, those who succeed usually have some understanding of how (even if later they end up radically pivoting to something else).
Thank you for the recommendation. I always try to improve and I find this input valuable.
I did try my best to explain what the whole thing is about and tried to be as clear as possible but maybe I didn’t communicate it clearly enough.
Nonetheless, everything I’m doing, both in the DAO and for my EffectiveCauses all center around what I believe are my/our greatest strengths which is community building and managing online communities for which I have many years experience.
But I will sure try to make my points clearer in the future. Thank you very much. Would also love to hear any other recommendations you might have.
This effectively reads as “I think EA is good at being a company, so my company is going to be a company”. Nobody gives you $1B for being a company. People generally give you money for doing economically valuable things. What economically valuable thing do you imagine doing?
For one let me separate EffectiveCauses (my organization) from the DAO (which is an idea from my organization).
The DAO is/will be a separate entity not under my control and members are supposed to work together to collectively raise the $1 B using various methods which I listed in the above post. 80% of this is meant to give out as grants for EA projects. 20% covers other things including 4% for EffectiveCauses and 8% for admin costs for the DAO. I’m not actually asking anyone to hand over one billion to me!
Regarding the [economic] importance, for the DAO, the importance is giving out grants to impactful projects selected democratically by DAO members under the guidance of experts.
For my EffectiveCauses organization, the value is as described in the post which is to think up impactful ideas (like this DAO idea) and source for funds to execute and incubate them. Also to serve as a base for setting up EA communities in countries in Africa (most of which there’s little or no EA activity)
I would recommend, when making a startup, you have a clear idea of what your startup would actually do, which takes into account your own & your company’s strengths & weaknesses & comparative advantage. Many want to make money, those who succeed usually have some understanding of how (even if later they end up radically pivoting to something else).
Thank you for the recommendation. I always try to improve and I find this input valuable.
I did try my best to explain what the whole thing is about and tried to be as clear as possible but maybe I didn’t communicate it clearly enough.
Nonetheless, everything I’m doing, both in the DAO and for my EffectiveCauses all center around what I believe are my/our greatest strengths which is community building and managing online communities for which I have many years experience.
But I will sure try to make my points clearer in the future. Thank you very much. Would also love to hear any other recommendations you might have.
This effectively reads as “I think EA is good at being a company, so my company is going to be a company”. Nobody gives you $1B for being a company. People generally give you money for doing economically valuable things. What economically valuable thing do you imagine doing?
For one let me separate EffectiveCauses (my organization) from the DAO (which is an idea from my organization).
The DAO is/will be a separate entity not under my control and members are supposed to work together to collectively raise the $1 B using various methods which I listed in the above post. 80% of this is meant to give out as grants for EA projects. 20% covers other things including 4% for EffectiveCauses and 8% for admin costs for the DAO. I’m not actually asking anyone to hand over one billion to me!
Regarding the [economic] importance, for the DAO, the importance is giving out grants to impactful projects selected democratically by DAO members under the guidance of experts.
For my EffectiveCauses organization, the value is as described in the post which is to think up impactful ideas (like this DAO idea) and source for funds to execute and incubate them. Also to serve as a base for setting up EA communities in countries in Africa (most of which there’s little or no EA activity)