What are the differences between traditional companies and DAOs?
DAOs are global since day 1. TradCompanies start locally.
There are no frontiers to DAOs contributors. TradCompanies struggle to hire talents around the world.
Remote work is the rule in DAOs, in TradCompanies it is the exception.
DAOs are open and transparent, you can see everything that is happening through Forums and Discord. In TradCompanies, you don't know what is happening inside.
In DAOs, you can see the updated revenue, costs and other key metrics every day in a Dune Analytics dashboard or in Token Terminal. For TradCompanies, you only know the financial results at the end of the quarter.
DAOs products are open-source code and fully auditable, TradCompanies this is a secret.
DAOs don't have CEOs or board of directors. Shareholders select without intermediaries the leaders of each division and their budget. Anyone in the world holding a token, can vote using Tally, Snapshot. In TradCompanies, shareholders delegate their power to the CEO.
Interesting to see a new organization model emerging. We are seeing their first steps. We already begin to see the first DAO2DAO partnerships.
How to better engage contributors? How to deliver and improve products in a sustainable way? How to have financially sustainable DAOs? How to manage treasury? How to hold community leaders accountable? How to define working groups' budgets? How to structure effective grants programs? Just few questions that are being answered by many projects in the sector, such as @indexcoop, @aave, @uniswap, @compound
It has been an amazing journey contributing to @feiprotocol and explore this new world.