Jim Profile picture
Jim
former founder, now product @lifiprotocol / prev @catalystsystem (acq.), product @aave, @ripple

Sep 30, 2021, 11 tweets

1/ MCon+Mainnet takeaway #2: The whole DAO contributor funnel needs work:

- Discovery: no Glassdoor of DAOs for beginners 2 browse
- Onboarding: Discords lack process for ppl 2 gain context
- Contribution: DAOs disproportionately benefits self-starters who create their own scope

2/ The most common question I get is 'what DAO should I join'

Usually the best answer I can give is 2-3 ones that I really like, but no one exhaustively knows all the DAOs

Would be great for there to be a Glassdoor for DAOs w/ verified member reviews

3/ Here are some great lists to get a sense of what DAOs are out there, but it's definitely not exhaustive

Until we solve discoverability, we're going to continually have a top-of-funnel awareness issue for DAOs

4/ Onboarding is also insanely hectic

Many DAOs don't have clear organization of their documents so knowledge transfer and context building is fragmented and ramp-up is so and painful

5/ If we don't address onboarding, we're going to have a leaky funnel where people join Discords but get confused and dissuaded from participating

DAOs need to hire project managers and operations leads that can really spearhead documentation + onboarding

6/ Best practice is an onboarding process like @indexcoop that documents everything on their docs site + has a hands-on cohort-based onboarding process

Read more about it from @kermankohli's post: defiweekly.substack.com/p/understandin…

7/ But that process isn't fit for every DAO -- it's a labor-intensive process w/ a cadence of meetings and manual review of completion of assignments

Bare minimum is a clear docs site (like @banklessDAO's notion) & a task sheet for minimum viable participation from newcomers

8/ IMO the biggest problem is turning DAO 'members' into active contributors

The fluid nature of DAOs makes it hard to retain consistent talent that drive a disproportionate amount of impact at the DAO

@decryptmedia sums up the issue perfectly:

9/ The talent gap is preventing many DAOs from rapidly growing and achieving their full potential

1% of DAO members constitute 90% of the work being done

And these members are simply too busy to hire & retain more people

10/ Even when you have a consistent team of contributors, paying them fairly has been an issue

@coordinape and @layer3xyz will help

But most notably is the Sushi team only holding 1% of all SUSHI

We must protect and reward the builders that give us so many value

/thread

11/ Sorry - bonus tweet! DAOs also so chaotic that they mainly only reward self-starters who can jump into ambiguity and create their own scope

That's obviously not the majority of ppl in the world, so that adds to the talent gap that we see in DAOs

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