When you form the dow thereis a period in which people can join. But the only way to join after that is to buy somebody else out. In flamingo they let in new folks as part of that membership, usually at a higher price. So they don't make a direct profit, but it kind of recreases their share the unit,. The value of each unit in in thedo.
First, Jason analyzes Rivian's IPO and gives his thoughts on the current valuation (2:05). Then, Aaron Wright from OpenLaw joins (22:13) to discuss Decentralized Autonomous Organizations (DAOs). At OpenLaw Aaron has helped launch 9 DAOs by providing legal structure, tooling and infrastructure. They talk digital contracts, why Aaron thinks DAOs are better for investment decisions and more!