DAOs - Scaling Capital Coordination

One of the most impactful innovations of the 19th century was the creation of the Limited Liability Company (LLC). The LLC is a business structure which defines that investors can only lose as much money as they have committed. Prior to the establishment of the LLC, businesses had unlimited liability,…

User Owned Platforms

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb Ben Thompson wrote an interesting post recently on the topic of Substack, highlighting its opportunity and challenges. I highly recommend that you read it. Beyond being a good take on Substack, it makes the case,…

Hiring the first developer advocate

Hiring a developer advocate is a challenge every developer-first company faces. With the rise of developer-first companies, developer advocates are increasingly in high demand. Yet, there still remains a lot of variance in the practices of hiring and building developer relations teams across companies. Community management is one of the…

Software Composability in Crypto

One of the most interesting breakthroughs in crypto is the strong degree of composability the technology lends to software development. Composability is the ability to combine various components of a software stack in different ways. To keep things simple, we’ll split the stack into two parts: front-end and back-end.…

On Risk Symmetry and Code is Law

Skin in the game is a foundational concept in the context of crypto networks. Stakeholders have skin in the game through owning tokens of monetary value, and are as a result financially incentivised to collectively work for a network. Its a powerful concept and a means to ensure risk symmetry,…

Improving Network Incentives Through Work Tokens

The emergence of firms such as Uber and Airbnb showed that true value is in a network of users rather than in the value of physical assets. However, the majority of value creation in centralized networks is accrued by middlemen rather than distributed to the entire network. A structural flaw…