By default, DAOs are partnerships: K-1s to members, & everyone (incl foreigners) may owe US taxes currently, even if no distros. If > 100 members, possibly corporate tax instead. Both are unadministrable. Pricey tax lawyers concoct other structures. We need a better way.

Invest in underrepresented founders.

Interesting

Lots of interesting issues but specifically the class ones…how can these pltffs rep the class when they’d also be defs under the GP theory? Wouldn’t it just become an issue of which individual DAO members they’d try to collect from ie by definition no one could be class rep?

Riveting stuff

Agree but we need to get the correct incentive structures in place first where we’re not getting paid for the paperwork

Algo stablecoins!! Also, crypto twitter is wise.

Bear markets remove fluff and put the focus on objective performance metrics. Less "soft factors" = more equitable playing field = historically overlooked founders' time to shine

I am begging you to do things manually before you automate them

Something I hope comes from the inevitable regulation is the end of “not financial/legal advice/views my own” etc. Lots of people relied on lots of people in putting $ in various projects; regulate that influence or don’t but let’s stop pretending these words make a difference

scream, my friend. believe me, my face is chapped and voice hoarse. Glad to the see voices growing in number and volume.

A friend of mine made a huge career shift to join a growth-stage co only to be laid off three months later. Props to this job announcement.

Personally love the idea of everyone maintaining a portfolio of their interests & abilities

I once heard that many recent successful startups were optimized versions of an unbundled craigslist (cars, apartments, specialized products); a great way to think about newco ideas

This is so cool

BIG NEWS: The Southern District of New York held that an NFT CAN INFRINGE on the trademark of a commercial good. See Hermes v. Rothschild, No. 22-cv-384 (S.D.N.Y. May 18, 2022), Dkt. 50.

"The Agenda continues to shun issues at the core of our mission in favor of shiny objects outside our jurisdiction." A scathing but thoughtful & appropriate statement from Hester Peirce. The emperor isn't wearing any clothes! sec.gov/news/statement…

Michael Seibel Massive unconquered opportunity! Right solution will bridge sophisticated content (i.e., standard forms/language as a starting point) with software (thinking of a structured environment where parties can draft, customize, and negotiate).

Cattle is different than grain. NFTs are different than Stablecoins. CFTC jurisdiction over digital assets just makes sense - they are practiced in dealing with a diversity of commodities. Agriculture (crops & meat), energy, metals - as different as CBDCs & governance tokens.

Accurate!