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DAOs vs. Internet Communities with Jon Yan from Vector DAO
Jon is the Co-Founder of VectorDAO - a collective of designers, artists & developers contributing to web3.
After working as a designer at Coinbase for several years, Jon decided to take a leap of faith, quit his job, and he began working for himself as a freelance designer. After realizing that the work he was doing was highly integral to the success of his clients, Jon began to feel that taking an hourly wage for his work was a bit old school. So, to better participate in the upside of his work and more closely align his incentives with those of his clients, he began taking a portion of his earnings in their native tokens.
After connecting with a friend who was also a great freelance designer in the space, the duo decided to pool together the tokens they were earning, invite other designers to do the same, and socialize their gains and losses. Thus, Vector DAO was born.
By aligning incentives, socializing risk, and giving independent freelancers a community to thrive in, Vector DAO became a perfect storm for success. The collective worked with over 40 organizations in their first year and grew to a point where they could no longer accept applications.
Drilling down into the details, Vector DAO actually considers itself an internet community as opposed to a DAO. Yes - there is a decentralized component to how they make decisions about their treasury, but ultimately, Vector DAO is not fully decentralized or autonomous, and that’s okay! By keeping the team relatively small (about 90 people) and creating a shallow hierarchy, Vector is extremely efficient and doesn’t face many of the coordination issues that “true” DAOs face.
In this episode we discuss the differences between a “true” DAO and an internet community, and we dive into the ins and outs of Vector DAO, how it works, and how they have attracted some of the best talent in the industry. We address the importance of great design in the crypto space, and Jon leaves listeners with some advice if you’re thinking of starting a DAO.
🔗 FOLLOW US
Cross Chain Examination: https://twitter.com/crosschainpod
Katherine: https://twitter.com/katherineykwu
Jon: https://twitter.com/jonjyan
Vector DAO: https://twitter.com/VectorDAO
⌛ TIMESTAMPS
0:00 Intro
3:05 What is Vector DAO?
3:32 How Vector DAO started
8:58 How Vector works
10:56 Attracting talent
12:57 Internet communities
14:59 Not everything needs to be a DAO
16:49 Unexpected challenges along the Vector DAO journey
18:09 Web3 income sources
18:55 Vector DAO governance and hierarchy
21:56 Crypto UI/UX
25:53 Advice for starting a DAO
28:36 True DAO vs. Internet community
29:50 Follow Jon!
30:06 Outro
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.
View all episodes
By Archetype, Katherine Wu
5
99 ratings
Jon is the Co-Founder of VectorDAO - a collective of designers, artists & developers contributing to web3.
After working as a designer at Coinbase for several years, Jon decided to take a leap of faith, quit his job, and he began working for himself as a freelance designer. After realizing that the work he was doing was highly integral to the success of his clients, Jon began to feel that taking an hourly wage for his work was a bit old school. So, to better participate in the upside of his work and more closely align his incentives with those of his clients, he began taking a portion of his earnings in their native tokens.
After connecting with a friend who was also a great freelance designer in the space, the duo decided to pool together the tokens they were earning, invite other designers to do the same, and socialize their gains and losses. Thus, Vector DAO was born.
By aligning incentives, socializing risk, and giving independent freelancers a community to thrive in, Vector DAO became a perfect storm for success. The collective worked with over 40 organizations in their first year and grew to a point where they could no longer accept applications.
Drilling down into the details, Vector DAO actually considers itself an internet community as opposed to a DAO. Yes - there is a decentralized component to how they make decisions about their treasury, but ultimately, Vector DAO is not fully decentralized or autonomous, and that’s okay! By keeping the team relatively small (about 90 people) and creating a shallow hierarchy, Vector is extremely efficient and doesn’t face many of the coordination issues that “true” DAOs face.
In this episode we discuss the differences between a “true” DAO and an internet community, and we dive into the ins and outs of Vector DAO, how it works, and how they have attracted some of the best talent in the industry. We address the importance of great design in the crypto space, and Jon leaves listeners with some advice if you’re thinking of starting a DAO.
🔗 FOLLOW US
Cross Chain Examination: https://twitter.com/crosschainpod
Katherine: https://twitter.com/katherineykwu
Jon: https://twitter.com/jonjyan
Vector DAO: https://twitter.com/VectorDAO
⌛ TIMESTAMPS
0:00 Intro
3:05 What is Vector DAO?
3:32 How Vector DAO started
8:58 How Vector works
10:56 Attracting talent
12:57 Internet communities
14:59 Not everything needs to be a DAO
16:49 Unexpected challenges along the Vector DAO journey
18:09 Web3 income sources
18:55 Vector DAO governance and hierarchy
21:56 Crypto UI/UX
25:53 Advice for starting a DAO
28:36 True DAO vs. Internet community
29:50 Follow Jon!
30:06 Outro
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.