S2 E4 | Building a DAO is Like Constructing a Burrito w/Spencer Graham

Spencer was nominated by JP (@jonathanprozzi) and some of the questions asked in this episode were submitted by DAO member Carsten Pötter (@carstenpoetter).

With a background in economics and psychology, Spencer became increasingly interested in web3 when he began to understand how it could transform complex systems like healthcare and investing. He also has a great love for burritos, which just so happen to provide a useful model for creating healthy, balanced organizations.

Aside from discussing burritos, we talk about other useful principles and models for DAOs, some mistakes they should avoid, and dive into the tricky process of decentralizing. Spencer also explains the idea of capture-resistant governance which leads us to touch on power struggles, resource management, contributor incentivization, hierarchies, and the potential of web3 to replace traditional top-down systems with flatter networks.

To continue this conversation and stay up to date on all things Rehash, you can follow Diana on Twitter @ddwchen and Rehash @rehashweb3. You can also follow Spencer @spengrah, DAOhaus @nowdaoit, and Hats Protocol @hatsprotocol.

⌛ TIMESTAMPS:

0:00 Intro

0:53 Spencer’s Background

3:36 Spencer loves burritos

4:58 The proper way to construct a burrito

6:45 DAOs are just like burritos

8:40 Guiding principles for DAOs

11:04 Common mistakes DAOs should avoid

12:42 The process of decentralizing

14:11 Capture-resistant governance

18:24 Moloch DAOs, power distribution, and rage quitting

24:16 What is DAOhaus?

29:05 Powerful tools for DAOs

31:25 Types of DAOs best suited for DAOhaus

36:10 BurritoDAO & DAO flexibility

38:58 The future of DAOs

40:19 Potential pitfalls of DAOs

42:03 This or That

43:32 Follow Spencer!

DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.