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In this episode of Ventures, my guest Daniel Wilson (https://www.linkedin.com/in/daniel-wilson-phd-46956b35) and I continue our conversation from last episode to dive into how Web3 can (and should) be used to help promote human flourishing. We talk about the basics of Web3, how creators can receive direct compensation for their work easily from anywhere in the world, the implications of programmable money for developing communities, the story behind Daniel’s startup (https://smartstream.app/), and how NFTs can be used to start all kinds of businesses and NGOs globally. Visit https://satchel.works/@wclittle/ventures-episode-97 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   2:49 - Quick recap of Part 1 of this conversation (https://satchel.works/@wclittle/ventures-episode-96) 3:27 - Daniel’s Web3 story; how he got into it. His “ah ha” moment. Learning about DeSo, DAOs, and NFTs from the perspective of the developing world. 9:30 - Daniel receives a $50 USD tip for a simple post, in the country of Georgia. 11:47 - Quick Web3 101: What are blockchains? What are NFTs?13:28 - What is a DAO (Decentralized Autonomous Organization)? // Daniel’s on-the-spot definition: “Cooperation by Code for a Common Cause”14:35 - How does Daniel see Web3 as a mechanism to help humans flourish globally. 18:03 - All the different terms in Web3 should be talked about in a multi-disciplinary way. The mosaic of the disciplines is what makes Web3 so compelling. 19:50 - What is Daniel doing right now in the Web3 space? (Compassionate Innovation, human language technology).21:14 - Daniel’s ideas in the Web3 payments space, based on programmable money. For example, payment for devices based on use (like a vending machine, but for many more types of devices).23:40 - How does money flow happen right now to lower resourced communities around the world right now? Stories from Fintech. Story of ~57k retail shops in Bangladesh that can convert SMS money into fiat money.25:49 - What are the cool things that can be done with programmable money to promote human flourishing? (Payment staking, improving remittances (remittances to earn), loyalty tokens, launching businesses with NFTs)28:30 - Yuga labs bringing the Ethereum blockchain to a halt / imagine if launching your business was like this. Solving the cold start problem. Users can just sell their NFT when they are done with your product.31:15 - The Internet of Things, when connected to streaming payments, can also incentivize behavior such as building better products to last.33:01 - Helping the developing world if pay-to-use models allow better appliances and things to be built35:55 - More about Daniel’s startup: SmartStream.38:35 - (https://smartstream.app/)  – can put in your email and check out the white paper39:10 - Summarizing our Part 1 and Part 2 conversations here40:25 - What really excites Daniel about the future of Web3 - more innovation that is compassionate. Whatever backs your currency is what you want to see more of in the world.44:55 - Best way to get a hold of Brandon online to continue the conversation.  Twitter: @danwils (academic) @geoframeai (web3 & smart stream) // Also: @_smartstream_ // LinkedIn: https://www.linkedin.com/in/daniel-wilson-phd-46956b35/ // email: daniel@smartstream.app
In this episode of Ventures, my guest Daniel Wilson (https://www.linkedin.com/in/daniel-wilson-phd-46956b35) and I discuss his work with International Literacy and Development (ILAD, https://ilad.ngo/), specifically in the area of human language technology. We talk about the landscape of low-resourced languages that are unfortunately going extinct, why it’s important to preserve these language communities, and how technology can be used to develop languages and promote literacy. We also tee-up how Web3 will be able to accelerate literacy and development work worldwide, which talk about in more depth in Part 2 (which will be released next week). Visit https://satchel.works/@wclittle/ventures-episode-96 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:59 - Tee up for this episode, why “solving problems” has a lot more weight and importance for venture builders and investors in the developing world.2:40 - Daniel’s background in compassionate innovation, human language technology, and ILAD. 3:43 - What is ILAD? (International Literacy and Development, more details) 4:42 - More about Daniel’s background and why he got into linguistics. 6:18 - Quick introduction to linguistics. Different types, approaches, etc… 8:14 - How do linguistics define what a language is vs. a dialect? 9:20 - Many languages are spoken by a small number of people and are going extinct. Where in the world are these languages? What kind of numbers are we talking about? What’s the life situation of these people? (Correction here from Daniel, the minority of languages are spoken-only, just over 3k of them: he incorrectly said “majority” in the show)13:25 - Richness of preserving languages around the world. The importance of helping with language development and literacy. 15:03 - How many people around the world are in low-resourced language communities?  Example from Arabic speakers / dialects.17:11 - Human language technology (HLT) - what is Daniel working on to help humans flourish via HLT?22:34 - What is the difference between a low-resource and a medium-resource language? How are these defined?23:26 - Goal will be to get low-resourced languages to have 500k+ parallel sentences with other languages, then they can be used to train a model. 23:52 - How many high-resource languages are out there? (Correction: the actual number is around 20, Daniel said “less than 200”, so he was shooting high on that one off the top of his head)25:03 - From a market understanding lens, what is the future of HLT?26:54 - How many of the lower-resourced communities have access to power/electricity?29:00 - Anything else that Daniel would add from a foundational perspective on this topic? Automated payments w/ cryptocurrencies - we’ll dive into this a ton more next week in Part 2). 32:08 - Where can people find Daneil and ILAD online? Twitter: @danwils (academic) @geoframeai (web3 & smart stream) // Also: @_smartstream_ // LinkedIn: https://www.linkedin.com/in/daniel-wilson-phd-46956b35/ // email: daniel@smartstream.app
In this episode of Ventures, my guest Mike Anderson (https://twitter.com/mikeyanderson) and I discuss the latest updates with BanyanDAO (https://www.BanyanDAO.xyz), scaling DAOs, and NFT strategies for product managers. We also talk about management and operations nuances in DAOs vs. traditional organizations, the Yuga Labs Otherdeeds drop last weekend, the phenomenon of dynamic NFTs that change based on interactions, and the steps you can take (and should take!) to get more involved with BanyanDAO. Visit https://satchel.works/@wclittle/ventures-episode-95 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:35 - Tee-up for the episode, continuing the conversation from Ep93 (https://satchel.works/@wclittle/ventures-episode-93).1:57 - Quick background on Mike, and more about BanyanDAO (background, goals, mission, vision, and current status). West Africa twitter spaces for BanyanDAO → https://twitter.com/BanyanDao/status/1521615179976372226 3:09 - What is a DAO?4:29 - Elections on the blockchain; types of uses for blockchains5:09 - BanyanDAO pre-season and Season 1 commentary / description / projects 7:54 - More about the NFT project within BanyanDAO8:17 - Internal teams to help scale DAOs; architecture discussion & approach10:35 - Commentary about Saturday night’s Yuga Labs’ Otherside.xyz mint. 13:45 - Parallels between the NFT project in BanyanDAO with the Otherside / Otherdeed mint. Discussion about dynamic NFTs.16:01 - NFTs as “apps” // Pondering exponential growth17:37 - What is Mike looking forward to personally? What will he be working on within BanyanDAO? (and outside BanyanDAO?) 20:16 - Steps to take to get involved with BanyanDAO? https://banyandao.xyz/ // Discord: https://discord.gg/T7s7zGNan9 21:27 - Follow Mike at https://twitter.com/mikeyanderson and BanyanDAO https://twitter.com/BanyanDAO 
In this episode of Ventures, my guest Jesse Bryan (https://twitter.com/JesseBryan) and I continue our conversation from episode 89 to discuss multiple aspects of NFTs and NFT clubs. We talk about the history of NFTs, the differences between Moonbirds, Crypto Punks and Bored Ape Yacht Club, the important nuances of intellectual property ownership and licensing, airdrops, community, “staking” of NFTs, cybersecurity, and thoroughly evaluating a team and their roadmap before deciding where to spend your time and money. Visit https://satchel.works/@wclittle/ventures-episode-94 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:54 - Tee up for the episode, recap of Part 1 (Ep 89), storytelling in organizations, introduction to the world of NFTs.2:40 - Quick background on Jesse and his introduction take on NFTs // He believes the next billion dollar brands are going to come out of the NFT space.3:45 - Background on Ethereum, ICOs originally, but NFTs started in 2017…Punks, Kitties, and then Apes didn’t launch until April 2021. 5:19 - History of NFTs from Jesse’s brand-building perspective9:53 - What the Bored Apes did that the Crypto Punks didn’t (e.g. IP ownership)12:00 - Tweet, minting a bored ape 1 year ago turned into the best investment of all time. https://twitter.com/JulianKlymochko/status/1516920342400450562 13:56 - NFTs are investing in a brand. You can essentially buy a brand name, like buying Radio Shack. “The most valuable real estate is the corner of someone’s mind” (John Hegarty quote)16:30 - Status games / signaling w/ NFTs18:22 - Summarizing the facets and layers of NFTs for entrepreneurs to be aware of. Networking benefits, status benefits, financial benefits, claims to airdrops, IP ownership, cooperation with other brands, and deal flow. None of this is new.20:45 - Moonbirds. What are they? What just happened?23:49 - NFT mint analogy to kickstarter; better when you already have an audience.25:14 - Subgroups within NFT clubs, and subgroups of subgroups25:35 - Jesse believes Quirkies is the strongest community in the NFT space. Examples of people helping each other out.27:00 - Importance of understanding basic cybersecurity when diving into the NFT space.27:10 - Recap of Moonbirds, why it seemed like a good investment (analysis from a VC perspective). Nesting. Problem of diluting the term “staking” https://cobie.substack.com/p/apecoin-and-the-death-of-staking 29:20 - How to teach entrepreneurs to use NFT clubs to help humans flourish32:53 - Two pieces of advice that Will got early in his startup investing career: 36:20 - Typical investment model, comparing NFTs to traditional investments…e.g. is the team “known”?  Is there real traction or just “fake” traction? What’s the roadmap?39:20 - 5 Part Matrix when evaluating an investment. Team, Product, Market, Traction, Financial Model, https://satchel.works/@wclittle/ventures-episode-62 40:10 - Don’t silo your understanding in Web3. The multidisciplinary nature of DAOs, DeFi, Metaverses, NFTs, etc… 41:35 - APE Coin43:14 - Where can people get a hold of Jesse to continue the conversation? https://twitter.com/JesseBryan 
In this episode of Ventures, my guest Mike Anderson (https://twitter.com/mikeyanderson) and I talk about all-things BanyanDAO (https://www.BanyanDAO.xyz) and its upcoming April 29th Training Day event to teach Web3 product architecture, design, and management (https://www.banyandao.xyz/web3-product-manager-training-event). In this conversation we cover the history of BanyanDAO, how Mike has been helping to coordinate teams in a decentralized fashion within the organization, the difference between “Pre-season” and “Season 1”, the details of the upcoming event, and what outcomes/topics are most compelling to Mike as someone who is leveling up in Web3.Visit https://satchel.works/@wclittle/ventures-episode-93 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.2:29 - Intro and setup for the episode. Quick background and history of BanyanDAO from Will’s perspective.4:24 - Background and history of BanyanDAO (and Web3 in general), from Mike’s perspective.6:20 - Q4 2021 background and research that Will did on Web3 product management and DAOs (including many episodes here → https://satchel.works/@wclitlte/daos) // Difference between permissioned and permissionless DAOs. // See: DAOHaus.club // see also https://satchel.works/@wclittle/product-management 9:24 - How is Mike helping to coordinate 100+ smart people to get things done within BanyanDAO.12:07 - More about BanyanDAO, vision/mission, naming design, etc… 12:39 - April 29, 2022 Training Day event details for learning Web3 product management (speakers, topics, etc.)15:17 - Go to BanyanDAO.xyz to learn more about the DAO and the event, including different ways to pay for the event (including scholarships available) → https://www.banyandao.xyz/web3-product-manager-training-event 17:01 - What outcomes are expected for those attending the Training Day event?18:25 - For people who are just learning about BanyanDAO for the first time, how do you get involved?19:25 - Difference between “Pre-season” and “Season 1” in BanyanDAO21:16 - How can DAOs best coordinate people who have limited time per week to participate?23:49 - Small/simple mechanisms to participate in BanyanDAO, and how compensation happens via https://coordinape.com/ 25:08 - Nobody can keep their own GIVE tokens, they have to give to receive.26:29 - Other DAOs that BanyanDAO is working with / partnering with27:49 - How can someone submit a proposal for a new project within BanyanDAO for Season 1?29:50 - Of all the topics in the upcoming Training Day event, which ones are Mike most excited about? 31:25 - Where can people learn more about BanyanDAO & Mike (and find them on Twitter)? https://twitter.com/@BanyanDAO & https://twitter.com/@mikeyanderson 
In this episode of Ventures, my guest Arvin Khamseh (https://twitter.com/arvinknft) and I discuss the NFT landscape in terms of current best practices for how to build and market to a community of buyers and evangelists. We talk about the wide variety of NFT use-cases, the importance of a compelling team and roadmap in an NFT project, and a number of extremely practical tips for how to market an NFT collection successfully based on Arvin’s impressive track record in the space.Visit https://satchel.works/@wclittle/ventures-episode-92 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.1:58 - Tee-up and background about NFTs and marketing them.2:19 - Arvin background, history, and story getting into Web3.3:51 - What was it about NFTs that captured Arvin? What was his “ah ha” moment?6:32 - What are the various NFT use-cases that captured (and continue to capture) Arvin’s attention?10:52 - What has captivated Will in the NFT space.12:54 - What is Arvin’s advice for how folks can properly get the word out in this space?19:21 - Clarity in NFT roadmaps and communication to buyers24:00 - For those new to the NFT space, what is the history of “whitelisting” ? What is the marketing tactic here?27:15 - Tracker bot that will measure levels in your discord server. See https://top.gg/tag/leveling29:05 - What has Arvin seen out there regarding the best NFT projects out there? 34:14 - For people who want to continue the conversation with Arvin, what is the best way to get a hold of him? https://twitter.com/arvinknft // https://soldoutnfts.io/ 
In this episode of Ventures, my guest Will Rush (https://www.linkedin.com/in/will-rush/) and I discuss his new startup, Stack (https://www.trystack.io/). Stack is all about promoting financial literacy and practical Web3/Crypto knowledge for investors under 18 years old. We talk about Stack’s five-point strategy of encouraging teens to consider long-term holding, diversification, periodic saving, engagement, and continual learning about the areas they are investing in. We also talk about NFTs, fixed-income products in DeFi, and general advice for teens looking for side hustles and entrepreneurial success.Visit https://satchel.works/@wclittle/ventures-episode-91 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.2:09 - Intro/background for Will and his journey thus far4:34 - What’s the origin story for Stack?6:09 - What is Stack?10:38 - The five approaches: (1) Long term holding, (2) diversification, (3) periodic saving, (4) engagement, and (5) learning11:14 - For the quizzes / engagement, how is Stack approaching this? What is the revenue model for Stack?12:15 - Foundations from various networks/L1s have money to invest into (or grant money to) companies like Stack. Also, the importance of basic financial literacy.14:20 - Importance of the product to be non-cost-prohibitive. For the price of a cup of coffee per month this service can be used.15:08 - Pulling in content from Web3 and other places. 20% about financial basics and 80% about Web3/Crypto.16:07 - What does engagement UX look like on Stack?18:22 - Are NFTs part of this?19:33 - How are users receiving rewards on Stack?20:40 - By playing video games (many types), kids are learning a ton of applicable life skills. Blowback against NFTs from the gaming community. (more commentary about NFTs)22:26 - Forward-thinking NFT groups. How Stack can think about NFTs moving forward. Yuga labs commentary.24:00 - Long-term/periodic savings. Fractional node providers for the upcoming Beacon chain. Staking as a fixed-income product. Liquidity pools. Superfluid staking.27:42 - Importance of learning about the top 20 chains. Rollups/sidechains. Potential for a panel discussion on this w/ Stack.28:52 - Diversification. Limited number of coins to start on Stack, but this will grow.30:21 - Different types of coins. Will stablecoins be on there?30:59 - Long-term holding on the Stack platform31:50 - Overall value proposition of Stack. What does Stack mean about “side hustle”?33:41 - What is it about Web3 that is so compelling to Will?35:31 - Audience as entrepreneurs, often younger / on Reddit, etc…. Final words for entrepreneurs. Importance of being a great listener and having the courage/resilience to get past the hard times.38:51 - Go to trystack.io and get on the waiting list. App comes out in April. iOS is the start. 90% of the Stack audience has an iPhone.39:45 - Thoughts/reflections as a parent of teens.40:22 - Ambassador program that Stack is going to provide…helping teens get experience to be able to get their first internship. https://www.trystack.io/ambassadors
In this episode of Ventures, my guest Dr. Alexandra Sims (https://www.linkedin.com/in/alex-sims-833a8123/) and I talk about various academic and practical operational nuances of Decentralized Autonomous Organizations (DAOs). Alex wrote her PhD thesis last year on DAOs (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228), and in this episode we talk about the various types of DAOs, jurisdiction issues, voting and governance mechanisms, and advice for new on-chain organizations forming today to learn lessons from previous DAOs and traditional decentralized organizations that existed long before blockchains.Visit https://satchel.works/@wclittle/ventures-episode-90 for MUCH more detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.2:12 - Intro to the episode / general setup and motivation3:02 - Alex intro / background in law, academia, Crypto/Web3, and DAOs in particular.9:14 - Differences between a proto-DAO, pseudo-DAO, and actual DAO12:16 - What are the things to look out for to recognize when DAOs aren’t quite decentralized yet. What is a healthy path to true decentralization for a DAO?16:30 - How would Alex update her overall recommendation for legal/corporate setup for DAOs - and how they work - since her PhD thesis was published in May 2021.18:11 - Brief introduction to Prota Ventures; why they are curious about when to recommend founders go the DAO vs. traditional route. Will - as a Managing Director of Prota Ventures - was compelled to practice it himself with BanyanDAO.  (Background, motivation, and operations for BanyanDAO). 23:55 - How would Alex comment on the formation and incentive structure for BanyanDAO? (Recognition that the process has been indeed different and admirable…the importance of harnessing the power of community).26:12 - For those interested in the power of DAOs outside of pump-and-dump schemes, “how are we going to get things done”? Is it possible to harness the power of a community to do something great with DAO mechanics? 31:04 - Importance of having practical experience about how to lead/manage a group of people. 31:38 - Voting mechanisms - Quadratic voting - explanation of the various types of voting, including conviction voting. 38:49 - Recap of voting types, plus a conversation about governance tokens. 40:00 - If Alex were to start a DAO that, say, was trying to build a product - how would she do it? How would she architect it?43:10 - Who gets to decide who gets to be on teams in DAOs? How would Alex guide new DAOs to setup these teams? (An analysis of existing civil structures)46:25 - Balance between self-assessment and community approval. Elections. And removals. What are principles to guide people building DAOs?52:04 - Final words / final thoughts about this space from Alex. It’s not all about the online world; people are using it to coordinate - for example - natural resources.  “Paleolithic emotions, medieval institutions, and modern technology” // Best way to get a hold of Alex. https://www.linkedin.com/in/alex-sims-833a8123/ // https://twitter.com/alexsims101 
In this episode of Ventures, my guest Jesse Bryan (https://www.linkedin.com/in/jessebryan/) and I discuss the power of storytelling when leading an organization of people. This conversation dives into not only how a Decentralized Autonomous Organization (DAO) can reinforce vision and mission with story, but also how traditional corporations can (and should) conduct themselves when interacting with customers. We talk about how a Commodity + Story = Product, how to keep the main thing the main thing, how stories + status are the two pedals of moving an organization forward cohesively, and how/why to tell stories in conversational language as a business.Visit https://satchel.works/@wclittle/ventures-episode-89 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:51 - Jesse quick intro / background2:43 - Why is it so hard for companies to tell the truth (about what they believe) and prove it with their marketing?4:55 - An underlying optimism that companies have a magic (that they may or may not be aware of). How would Jesse summarize his learnings the past decade working with CEOs to help them communicate their brand and messaging?8:54 - Promise of DAOs (Decentralized Autonomous Organizations) to unlock corporate energy and passion. Ikigai - https://en.wikipedia.org/wiki/Ikigai - Future of work.  Fairness & transparency. 10:47 - What can DAOs learn from storytelling in cohesion (the main thing is to keep the main thing the main thing)? Lessons from how organizations fail.14:14 - How does a DAO keep the main thing the main thing? (lesson from Johnson and Johnson)18:34 - Advice for entrepreneurs that start out with one vision, then a pivot happens, then lots of opportunity happens….how do you navigate storytelling/leadership/messaging here? (How you do something matters as much as what you do)25:20 - Commodity + Story = Product 27:50 - Harai’s thesis in Sapiens (book) - AND, people tell stories to move data around. Stories make the world move.30:39 - The two pedals aren’t product and marketing, It’s story and maintenance w/ status. People use fancy words to overcomplicate things they don’t understand. Ways to maintain tribes and societies (gossip to status). 33:10 - How can this “status and story” play out in “sense and respond” DAOs? First act sets up a good ending. The story needs to be reinforced / recommunicated every 90 days.37:13 - DAOs have an opportunity to look at history - extract the best from history and tell stories to reinforce the narrative.40:08 - The power of story doesn’t need to be reinforced via command and control. It can be done via sense and response. “People like us, do things like this”. Learning from how you “normally talk to people” and then building your storytelling around that.43:03 - Short-term vs. long-term thinking when building brands.47:27 - How can people continue the conversation w/ Jesse? Twitter is best: https://twitter.com/JesseBryan 
In this episode of Ventures, my guest Jameeleh Shelo (https://www.linkedin.com/in/jameelehshelo/) and I discuss NFTs from the perspective of the traditional art community. In short, NFTs are shaking things up and freaking everyone out, even though the market has recently cooled off (relatively speaking). We talk about what NFTs are, why they have been so trendy the last year, how regulators should think about them, and how new markets and metaverses are going to open up many more opportunities for entrepreneurs - and use cases - than we can possibly imagine todayVisit https://satchel.works/@wclittle/ventures-episode-88 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  1:48 - Tee-up and motivation for the episode2:20 - Jameeleh intro, background, and experience in the mainstream art community3:09 - What is an NFT?4:20 - Why did NFTs become so popular?8:26 - Different types of “Tastemakers” in different industries. Is it a good thing that “Tastemakers” are being challenged?11:52 - Why are people spending 7-8 figures “buying JPEGs” ? 13:55 - A need for the “GeoCities for NFTs”, things to watch out for in NFT land,  (“Line goes up” video → https://www.youtube.com/watch?v=YQ_xWvX1n9g) 15:33 - The good, bad, and the ugly of NFTs18:28 - Always assume you are getting scammed. Buyer beware.20:59 - Increasing or decreasing value as people copy/paste these around (and get NFTs up in, say, Times Square)22:30 - Three things that caught Will’s eye/attention around NFTs: (1) Artists to sell their own art, (2) to pump social causes, (3) to pump business.24:42 - Music and photography NFTs28:55 - Call-to-action, make a multi-chain NFT gallery, build the protocols.31:12 - NFTs as collective middle-fingers to the traditional art establishment31:39 - NFT analogy to what the Suicide Girls were up to back in the day.32:35 - New markets being created everywhere in the metaverse, games, etc…33:44 - White house executive order addressing digital currencies https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/ 34:20 - Value of cryptocurrencies for increasing income around the world, and how regulators should think about it.36:39 - Final words from Jameeleh. 1. Be careful, 2. If you are creating anything right now, turn it into an NFT. :) 37:40 - Best way to get a hold of Jameeleh? Email: Jameeleh [at] protalabs.com.
In this episode of Ventures, my guest Chase Thompson (https://www.linkedin.com/in/chasejthompson/) and I talk about the Play-to-Earn space, how to build in Web3 as a product manager and entrepreneur, and his story building https://arena.gl. We dive into topics such as Web3 gaming, token models, DAOs, NFTs, the types of games that can be played on Arena, the next waves in Web3 that are coming for entrepreneurs to take advantage of, and how to practically dive into Web3 to learn more and start building.Visit https://satchel.works/@wclittle/ventures-episode-87 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  1:30 - Tee-up and background/motivation for the conversation1:59 - Chase’s background, story into Web3 and Arena.5:28 - Introduction to the “X-to-earn” landscape8:30 - More about Axie Infinity as the major Play-to-Earn player10:30 - What is the origin story of Arena.gl? 13:04 - Will’s small background in gaming 15:20 - Web3 controversy in gaming - some folks don’t want crypto in their games18:45 - Who is the target audience for Arena.gl?19:42 - What problem is Arena solving for the community managers?21:37 - What’s the pitch from the community managers to the gamers in their communities? What do the token models look like?24:28 - More about BanyanDAO - training Web2 managers to become Web3 product managers. Lessons learned from Arena.gl.30:00 - Taking a step back - for those outside the gaming community, what does Arena.gl do? Play to earn for any game.31:45 - What types of games are applicable?32:37 - Chess as an example – a sub-battle on Arena.33:40 - What is the most complex gaming faceoff that Arena has handled?35:25 - Does it work with card games? Casino gaming? Hold ‘em?37:18 - What else is in the future for Arena? What’s on the roadmap that Chase is excited about?39:22 - What does Chase think are the next waves in Web3 where the community could use entrepreneurs to build new products/services?42:28 - Come check out https://arena.gl/ // https://twitter.com/ArenaGL // Contribute to a DAO (e.g. https://www.banyandao.xyz/) // Learn Solidity from https://austingriffith.com/ // https://learn.figment.io/ 
In this episode of Ventures, my guests Angela Angelovska-Wilson (https://www.linkedin.com/in/angela-angelovska-wilson-38600a1/), Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/), and I discuss three major issues with DAOs: (1) operational governance structures, (2) legal and jurisdiction issues, and (3) various types of incentives for founders and participants in DAOs. For informational purposes only, we talk specifically about our experience launching BanyanDAO (https://www.banyandao.xyz/), how Angela advises DAOs from a legal perspective given her background and extensive professional experience in the space, and how DAOs design incentive models. More than just financial incentives (which are, of course, important), DAOs should clearly communicate with their communities about the unique opportunity of learning/building together as a scaled and decentralized team from the start. Visit https://satchel.works/@wclittle/ventures-episode-86 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  3:29 - More info about the episode setup: Operational governance, various legal structures, and different types of incentives.4:37 - Mike shares more background of what we’ve done with BanyanDAO thus far.6:08 - Angela shares more background about how she’s approaching the DAO space with her legal background. 8:40 - What excites Will (and others) about DAOs is that it unlocks passion in a community setting to build together. 10:08 - Operational Governance from Mike’s perspective. Front-row seat into BanyanDAO. What’s that been like?12:04 - Operational Governance in DAOs  from Angela’s perspective.14:13 - Crawl/walk/run when launching a DAO. Discord, then Coordinape (for giving each other tokens), then DAOHaus (to manage proposals and treasury).16:00 - How do we help encourage appropriate self-assessment, management, DE&I, and performance?20:42 - Call-to-action for experienced leaders to step up and help with BanyanDAO, and for new leaders to learn how to lead from experienced leaders.21:58 - DAO legal considerations. 26:33 - What should DAOs be thinking about when hiring legal counsel?29:36 - Alexandra Sims’ PhD Thesis: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228 // And Will’s notes on it: https://satchel.works/@wclittle/phd-thesis-on-daos-summary-and-reflections 30:00 - All kinds of new legal structures being built for DAOs - how should DAO founders talk with their attorneys about the various entity types?33:44 - Incentives. Financial and non-financial. How should DAO founders/participants think about these? BanyanDAO is all about Human Flourishing. 37:07 - Maybe at some point in the future the value of treasury tokens and governance tokens could go up, but that is TBD.39:15 - How has Mike been thinking about the various types of incentives? (Thinking about it like a video game)40:31 - Nuts and bolts of what BanyanDAO is doing with Coordinape and DAOHaus.42:10 - How is Mike thinking about future incentive structures with BanyanDAO?43:28 - Vision for BanyanDAO, training Web3 product people. Different things that BanyanDAO can do in the future. Join BanyanDAO on Discord → https://discord.gg/T7s7zGNan9 
In this episode of Ventures, my guests David Harding (https://www.linkedin.com/in/daveh003/), Solomon Cates (https://www.linkedin.com/in/solcates/) and I discuss all-things identity and data sovereignty leading up to - and within - the present Web3 era. We tee-up a framework to think about identity verification and data warehousing, cryptocurrencies vs. Central Bank Digital Currencies (CBDCs), Identity Assurance Levels (IALs), Presentation Attack Detection (PAD), and how to think about building Web3 applications with a realistic hybrid of both centralized and decentralized identity verification and control services.Visit https://satchel.works/@wclittle/ventures-episode-85 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  5:16 - Sol introduction of self-sovereign identity and sovereign control of data8:19 - David introduction of identity and technology… “Identity 101” based on David’s extensive background in the space.11:49 - Username/password problem that birthed a whole industry of “password management” 12:32 - What does this conversation matter for humanity?14:46 - SSI (self-sovereign identity opens up new opportunities for people15:41 - Will’s business accounts getting closed, likely because of his involvement in Web318:24 - Where are we going? Are Solomon and David feeling optimistic or pessimistic? Why? 25:02 - How is a CBDC different than traditional ways that Central Banks print currency? Coming back to trust, where data sits, and decentralization. 27:42 - Difference between “connect to wallet” in Web3 and showing up to, say, an airport.28:36 - What is the state of the tech today for the TSAs of the world to prove that “you are you”. 33:30 - For the TSA, the physical driver’s license or passport doesn’t - in theory - matter. What matters is the “thing” (QR code or whatnot) that can pull up a database. 35:30 - Is it a good thing to build a decentralized database of identity? When would you build on top of centralized vs. decentralized databases?38:42 - Reality is a hybrid. Decentralized data on blockchains we trust AND data sitting in centralized datacenters we trust. 40:08 - Social media companies as “identity management companies” that provide social media services. They will sell it to anyone willing to pay.43:30 - Multiple levels of identity verification (IAL levels) → https://ldapwiki.com/wiki/Identity%20Assurance%20Level 46:15 - Is the common IAL level 2 mechanisms legit? Why is this important for venture building?51:30 - Signing up for exchanges with a photo of my face and the date. A brief discussion about liveness technology. PAD Levels https://csrc.nist.gov/glossary/term/presentation_attack_detection54:00 - Pay to x models. What can/should be used when building today to verify one account = one human? 1:00:31 - Create a one-account-per-human experience, and don’t create it yourself. Don’t try to reinvent the wheel of cryptography.1:01:43 - Creation and verification and continual authentication of data, depending on use case and security requirements.1:03:23 - What are Solomon/David working on now? Where can people follow up? https://www.linkedin.com/in/daveh003/ // https://www.linkedin.com/in/solcates/  
In this episode of Ventures, my guests Linda Olson (https://www.linkedin.com/in/linda-olson-cpc-cfa-55885858/), Laura Yunger (https://www.linkedin.com/in/laurayunger/), and I discuss the often-overlooked value of people and communication alignment when when building and investing in businesses. This is an episode I wish I had 20+ years ago when starting out my entrepreneurial career. Based on their extensive experience coaching and investing in entrepreneurs, Laura and Linda also talk frankly about how to avoid burnout and stay maximally healthy with your team.Visit https://satchel.works/@wclittle/ventures-episode-84 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  1:46 - Tee-up for the motivation for this episode2:36 - Linda introduction and background4:55 - Laura introduction and background7:59 - For the audience (entrepreneurs and investors), a lot of the questions are around “How do I form, communicate with, and rally a team”?12:43 - Fundamentally it’s about: 1. Set a vision/mission, and 2. From the start, invite a wide range of diversity onto the team. Question: what do you do if good communication and diversity isn’t in place in an existing business?18:55 - What are the questions/topics/problems that Laura and Linda are thinking about these days as it relates to venture building/investing.  (Human connection & flourishing…”what do you want your legacy to be”...”what is success to you?”)23:14 - Importance of getting “the people stuff” right, hard to hear when younger in your career, but so incredibly important.25:30 - For the 20yr-old listening in, what are we trying to drive home for their generation in terms of the value of relationships and communication?28:25 - More about GEEK values at Prota (Generosity, Empathy, Excellence, and Kindness). Jim Collins → BE 2.0: https://www.amazon.com/BE-2-0-Beyond-Entrepreneurship-Business/dp/0399564233 // and Good to Great: https://www.amazon.com/Good-Great-Some-Companies-Others/dp/006662099631:22 - How to avoid burnout37:17 - Final thoughts - importance of the founder team / dynamics / etc.. value of compassion. 40:44 - Where can people find Linda and Laura online? https://www.mandladvisors.com/ // https://www.linkedin.com/in/linda-olson-cpc-cfa-55885858/ // https://www.protaventures.com // https://www.linkedin.com/in/laurayunger/ 
In this episode of Ventures, my guests Priya Baveja (https://www.linkedin.com/in/priya-baveja/), Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/), Jake Varghese (https://www.linkedin.com/in/jake-varghese-498335/) and I (https://www.linkedin.com/in/wclittle/) talk about Decentralized Autonomous Organization (DAO) structure, governance, incentives, and participation. We are a subset of founders currently launching BanyanDAO (https://banyandao.xyz/), which is growing a community of Web3 entrepreneurial leaders to promote human flourishing. Our first training event - to level up Web2 product managers into Web3 - will be in April 2022 (exact dates TBA). For more details and to participate, join us in our Discord server (https://discord.gg/bYnxySgw34) and follow us on Twitter (https://twitter.com/BanyanDAO).Visit https://satchel.works/@wclittle/ventures-episode-83 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  1:56 - Tee-up and background/motivation for the episode & BanyanDAO5:28 - What is a DAO? 7:58 - Why DAOs are not simple to define. Institution vs. Organization 11:12 - the DAO/Web3 spirit of coming together to build something as a collective to make the world a better place11:56 - How are we thinking about incentives in BayanDAO? 15:44 - Brief history of BayanDAO from Will’s perspective. How and why it came together.18:16 - Mike/Priya/Jake’s story/motivation for forming and being in the DAO21:22 - Invitation to join BanyanDAO. Help bring clarity. Discord can be confusing. Modes of communication / learning best practices for DAO communication. A community of DAO of DAOs.22:30 - Meaning for web3 beyond [adjective] [animal] NFT clubs. 24:00 - Initial compensation model and token nuances for BanyanDAO. Using https://coordinape.com/ - GIVE token dynamics.27:10 - Building a DAO in a repeatable way. A great opportunity to learn how to build a DAO27:52 - Origin of the name BanyanDAO29:00 - What projects are Mike/Jake/Priya working on? // First project: event upcoming in April to train Web 3 product managers.30:37 - Is there a date set yet for this? 31:06 - An invitation to everyone to join us for this upcoming event.31:21 - Mike’s project: working on how to collaborate as a team. 32:25 - The balance between idealism of DAOs (“it will magically work”) and burning out / tragedy of the commons. 34:14 - The four modules of our upcoming event in April.36:20 - What is the vision for the capstone (module 4).37:39 - The training event will be on a weekend (saturday and sunday)37:55 - Intent for the capstone39:16 - Avoiding tragedy of the commons. 41:00 - Bringing order to chaos, seeing outcomes happen will make things clearer.43:31 - Final thoughts. 45:02 - Coming back to the purpose: human flourishing.45:25 - Where can people find Mike/Priya/Jake/Will online to continue the conversation? https://twitter.com/mikeyanderson, https://twitter.com/PBaveja, https://twitter.com/jakevarghese, https://twitter.com/wclittle 
In this episode of Ventures, my guest Lindsey T. H. Jackson (https://www.linkedin.com/in/lindsey-t-h-jackson/) and I discuss the journey of anti-racism and anti-oppression work in ourselves, in venture capital, and in startup ecosystems. We discuss the nuances of dismal representation numbers in venture; how to approach Diversity, Equity, and Inclusion (DEI) conversations in the workplace and beyond; how to develop a regular practice to self-reflect, define your community, and “fail fast” on your own anti-racism journey; and how to encourage others to consider embarking on the journey themselves.Visit https://satchel.works/@wclittle/ventures-episode-82 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.  3:18 - Lindsey’s introduction, background, brief story, about LTHJ Global (https://lthjglobal.com/) 10:30 - What got Lindsey into DEI (Diversity, Equity, and Inclusion) consulting work?13:30 - DEI & anti-racism work as intriguing to all entrepreneurs (it’s about collecting and responding to data, to work safer and smarter)14:34 - Will’s journey coming from graduate work in a bioengineering lab, gathering and responding to data, influence from Dr. Viola Vogel as he got into venture building & investing.17:13 - Common references to The Matrix in DEI work, why people ignore data, and listening to the market.20:20 - Companies that make great products are made up of people. Importance of unlocking greatness in people.20:56 - More diverse companies perform better. (Check out: https://www.marketwatch.com/story/the-numbers-dont-lie-diverse-workforces-make-companies-more-money-2020-07-30) 21:56 - Unlearning racism; reflections from Will’s personal journey23:54 - How does Lindsey start the conversation without triggering people who think differently?28:30 - “Calling in” (instead of calling out) 29:19 - Shockingly bad statistics regarding diversity in venture (see: https://www.wired.com/story/vc-pledged-better-diversity-its-barely-changed)30:24 -  “Do a count in a given day: How many people do you engage with that are outside of your intersectional identity”30:57 -  Identity as “Black”32:52 - Dismal numbers in terms of percent of VC dollars going to businesses owned by black women.36:04 - Cognitive diversity36:29 - Recommended next steps to begin an anti-racism journey47:32 - For people on their anti-racism/anti-oppression journey, what is Lindsey’s recommended way to talk about this with others and/or publicly?51:15 - By the age of 5, black and brown children experience racism 5x/day, which increases in frequency as they get older.51:11 - “How do I know I’m moving forward?” 54:00 - Consider the venture of anti-racism. Consider unlearning racism as joyful and freeing.56:05 - By nature, anyone who considers themselves an entrepreneur is well poised to unlearn racism.56:46 - Lindsey’s work: https://lthjglobal.com/ // https://www.linkedin.com/in/lindsey-t-h-jackson/ // Reach out and book her for a speaking gig // Subscribe to learn more about her upcoming book “Unlearning Racism” → http://eepurl.com/htLZyv 
In this episode of Ventures, my guest Veronica Sagastume (https://www.linkedin.com/in/veronicalsagastume/) and I talk about all-things startup finance and accounting. From the perspective of what founders need to know, this episode ended up being a crash course in the various high-level aspects of bookkeeping, accounting, controller work, fractional CFO work, tax prep, legal considerations, and finance operating suggestions. Veronica’s firm (https://www.fortifiedaccounting.com/) works with funded, early stage startups and she makes a compelling pitch for why you should seriously consider hiring a firm rather than individuals in the early stages of your funded business.Visit https://satchel.works/@wclittle/ventures-episode-81 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   2:47 - Veronica introduction and background, story, and what she does now.5:46 - What’s the “Finance 101” for startups and when should founders hire help?11:48 - Last ~5min of conversation is worth re-listening to, but - first question - what is GAAP accounting? https://www.investopedia.com/terms/g/gaap.asp 13:45 - Will Xero or Quickbooks online help entrepreneurs with the basics of GAAP accounting?16:14 - Suggested order of hires – Veronica suggests hiring a firm and growing into them.19:14 - Analogy of someone doing a large remodel or construction project.20:09 - Traction and having the cash is key so you can hire a proper finance and accounting firm. 22:38 - Lessons after 15+ years in the startup space. If you can hire a firm, do it.23:12 - Importance of having a regular monthly meeting to go over your books. Quick lesson on the P&L (income statement), balance sheet, and statement of cash flows. 28:00 - Amazing to have a group that can get you finished books quickly after the beginning of the month. 31:50 - Coming back to the overall framework: bookkeeping, controller, accounting, “CFO stuff” - does Veronica’s firm do all this? Even tax prep?  33:52 - The role of controller. What does it look like working with Veronica’s firm from the role of the controller.37:14 - Prepping a company for an exit strategy / data room41:37 - Data rooms42:40 - How Veronica’s firm builds data rooms from scratch as they go.43:20 - How should founders think about finance best practices to be properly compliant.46:50 - “CFO stuff”53:03 - Tax prep strategies // what should founders be looking for to ensure their firm is doing the right things?44:33 - Early November tax strategy meeting / how to work with the tax prep folks?59:00 - What are the types of things that Veronica will bring in the expert accounting / legal folks?1:00:41 - Stock options vs. RSUs?  https://smartasset.com/investing/stock-options-vs-rsu1:01:37 - Where can people find Veronica’s firm online? https://www.fortifiedaccounting.com/ 1:03:28 - Smart use of Loom videos (https://www.loom.com/). 1:04:50 - About Will (https://linkedin.com/in/wclittle) and Prota Ventures (https://www.protaventures.com). Special focus on idea to pre-seed.1:09:00 - When is the right time to talk to Fortified Accounting?
In this episode of Ventures, my guests Alex Zub (https://twitter.com/theAlexZub), Spencer Graham (https://twitter.com/spengrah), and I talk about the details of day-to-day “DAO life” on DAOHaus (https://daohaus.club/). We talk specifically about how Raid Guild (https://www.raidguild.org/) - a services DAO - manages proposals, escrow, billing, and bridges to the traditional finance system. We also talk about short-term and long-term financial incentives for DAO founders/participants, how DAOs can quickly raise funds and manage risk/assurance/trust, and how newcomers to DAOs can/should think about how to participate to create maximum value for themselves and their communities.Visit https://satchel.works/@wclittle/ventures-episode-80 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   2:38 - Background and tee-up for the conversation; Alex has a bunch of questions about Raid Guild and we figured we’d record it for everyone’s benefit.3:20 - Alex intro / background (full-stack engineer, turned management)5:50 - Spencer’s description: “What is a DAO?” (From “group chat w/ a bank account” to more) - plus, information about how Raid Guild splits their revenue (90% to team, 10% to treasury)11:08 - Is there a founder of Raid Guild? How did the letting go of control happen? How did Raid Guild Start?13:04 - Showing the dashboard of the Raid Guild DAO on DAOHaus14:49 - When someone new joins, does that create new shares?16:30 - Seeing the list of members in Raid Guild17:30 - Is there such a thing as a partial rage quit? (i.e. sell part of his shares).18:14 - What are all the types of proposals that people can propose in DAOHaus DAOs?20:50 - Smart escrow https://smartescrow.raidguild.org/ 22:25 - How does a proposal outcome get enforced / QA control?23:02 - Guild kick (booting someone out)23:40 - Assurance for client and service provider via escrow-type services on-chain24:12 - Smart invoice https://smartinvoice.xyz/ 26:39 - Court on-chain (LexDAO, Kleros Court, etc..)29:20 - How to deliver a project w/ scope in tranches using Smart Invoice31:34 - Advantage of a service DAO, Raid Guild in particular. 33:35 - Long-term economic incentives for moloch-type DAO participants.36:55 - What are loot shares?37:29 - If a DAO decides to allow their shares to be transferable - the peg to a specific value would go away.40:20 - Besides pegging a token to governance, what other types of tokens are there? https://satchel.works/@wclittle/a-primer-on-blockchains-protocols-and-token-sales  (Utility token, work token, etc…)42:45 - Yeeting (easy way to raise funds for a DAO) → https://twitter.com/nowdaoit/status/1483463413464502277 44:20 - Off-chain to on-chain bridging - web3 to traditional - does Raid Guild work w/ “off-chain” customers?46:11 - Off-chain operations for raid guild via a standard reimbursement policy 47:00 - Where can people find Alex and Spencer to continue the conversation?  https://twitter.com/theAlexZub & https://twitter.com/spengrah 
In this episode of Ventures, my guest Liz Sweigart (https://www.linkedin.com/in/lizsweigart/, PhD in Organizational Leadership) and I discuss the differences between a DAO and a traditional startup in terms of starting, organizing, and leading. We talk about trust vs. relating, identity considerations in DAO communities, positive vs. exploitative transactions of value, and qualitative vs. quantitative measurement of success. If you would like to join us as we explore starting a DAO together, check out https://www.redpilldao.xyz/ and our Discord server (https://discord.gg/PvtMZf6yws).  Visit https://satchel.works/@wclittle/ventures-episode-79 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   1:38 -  Liz intro and background/motivation for this conversation; general commentary on risk/reward and value creation. 3:56 - Differences between starting and leading a traditionals startup vs. starting a DAO. 9:17 - What advice does Liz have for founders of DAOs, specifically for their first steps? (a question of identity; who are “we”, core values, purpose, qualitative vs. quantitative meaning, etc..)12:47 - Identity and purpose paradigms in DAOs vs. traditional startups. 15:12 - How should founders of DAOs think about establishing trust (“transactional” doesn’t need to be negative; inspired vs. compelled; positive or exploitative; relating vs. trusting).19:57 - How can people follow up w/ Liz?  https://lizsweigart.com/ // https://www.linkedin.com/in/lizsweigart/ // https://www.redpilldao.xyz/For additional podcasts on DAOs on this show (and articles/writing from Will), see: https://satchel.works/@wclittle/web3 
In this episode of Ventures, I (https://www.linkedin.com/in/wclittle/ | wclittle.eth) recorded a monologue about my perspectives on “why” Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs) matter. I also talk practically about how you can create NFTs on https://opensea.io/ and other NFT marketplaces, and how to participate in DAOs. In fact, I helped launch Red Pill DAO (https://redpilldao.xyz/) over the holiday break with the express purpose to help each other learn Web 3, practice "on-chain" governance, and create/join other DAOs to build a better Internet together. Feel free to join our discord here → https://discord.gg/PvtMZf6yws  Visit https://satchel.works/@wclittle/ventures-episode-78 for detailed notes and links to resources (videos, articles, etc…) mentioned. You can watch this episode via video here.   Additional links/notes: Why Web3 Matters for Human Flourishing: https://satchel.works/@wclittle/why-web3-matters-for-human-flourishing PhD Thesis by Alexandra Sims on DAOs: "Decentralised Autonomous Organisations: Governance, Dispute Resolution and Regulation" https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3971228Crypto Theses for 2022: https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdfhttps://rarible.com/ https://www.larvalabs.com/cryptopunkshttps://nbatopshot.com/ https://satchel.works/@wclittle/web3 https://metamask.io/https://solanart.io/ 
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