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On building with a squad
- andygcook 5y agoOne 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.
- trevyn 5y agohttps://otherinter.net/research/squad-wealth/ https://otherinter.net/research/squad-wealth/ I think this might work differently than you’re used to. Which is kind of the point.
- sh4un 5y agoUsed to do this lots in the 90s. People are crazy now.
- jes 5y agoInterested in how people are crazier now than in the 90s, if you are willing to say more.
- CraigJPerry 5y agoEveryone’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.
- bibinou 5y agoI know it's a quip but it explains so much... Like 15 minutes of fame but with 7 billion TV channels.
- moltar 5y agoIf anyone is interested in forming a squad or DAO with a purpose of building real business applications (B2B SaaS) - please reach out.