Introducing BanyanDAO: Training and supporting Web3 product leaders to promote human flourishing :: with Priya Baveja, Jake Varghese, and Mike Anderson

Feb 8, 2022

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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 & BanyanDAO

5:28 - 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 place

11:56 - 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 DAO

21:22 - 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 DAO

27:52 - Origin of the name BanyanDAO

29:00 - 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 capstone

39:16 - 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