Russell Castagnaro PRO
Father of two delightfully unruly young women. Investment Steward at Bufficorn Ventures and Chief of Staff of SporkDAO, LCA Ex-Director of Digital Transformation at the Colorado Governor's Office of Information Technology.
{Organization}
DAO's: Organization as code
DU Web3 Hack-a-thon
5/21/22
{Russell}
Russell Castagnaro
Entrepreneur in Residence : Bufficorn Ventures
Digital Transformation Director : State of Colorado
CEO Wampei - Payments for All
President Hawaii Information Consortium
Organizations
# PRESENTING DAOs
- Sole Proprietorships
- Partnerships
- General Partnerships
- Limited Partnerships
- Limited Liability Partnerships
- Limited Liability Companies
- Corporations
- S Corporations
- C Corporations
- Professional Corporations
- Nonprofit Organizations
- Cooperatives
Its all you -
You do business as and are taxed as an individual.
Basically the rules are stacked against Sole Props.
No real need for transparency because its just you.# PRESENTING DAOs
Sole Proprietorships
Two or more people are partners for this organization
Agree to split responsibilities, costs, and profits in a standard way
Liability, equity, decision making, etc.. can be separated in different ways.
Adding partners gets progressively more difiicult to manage.
Transparency is progressively more difficuly too.
# PRESENTING DAOs
Partnerships
owners' personal assets are kept separate from business debts.
Ownership is public from shares issued.
Taxed based on profits and shareholder dividends.
Shareholders do not share liability.
Shareholders do not make day to day decisions.
Minutes and standard reports are required, but there is
a very low standard for transparency in most corporations.
# PRESENTING DAOs
Corporations
Must be operated at cost
Net margins are returned to members on a patronage basis
Dividends on equity capital is limited
Voting rights are limited to members
Operations are for the mutual benefit of members
Members are not liable for any debt, obligation, or liability# PRESENTING DAOs
Cooperatives
Colorado Model
# PRESENTING DAOs
Wyoming
Opted to allow LLCs to use tokens
Colorado
Allows a DAO to be the governance mechanism for Cooperatives
Colorado Model
# PRESENTING DAOs
Wyoming
Useful for investment clubs and some real estate
Colorado
Can do almost anything!
{DAOs}
DAOs in real life - They have a reason and it need not be extractive!
Employment commons
# PRESENTING DAOs
Why: Independent contracting stinks.
Who: Gig workers and Contractors.
How: https://opolis.co
Gitcoin
# PRESENTING DAOs
Why: Open Source projects need bettter financial incentives.
Who: Open Source teams, Businesses, Coders
How: https://gitcoin.co/
Song A Day
# PRESENTING DAOs
Why: A new song, every day. Forever.
Who: Artists and music lovers
How: https://songaday.world/
Bufficorn Ventures
# PRESENTING DAOs
Why: Help super-early stage web3 teams develop public goods and needed services for the ecosystem
Who: Developers, business folks, investors, Web3 Ecosystem
How: https://russell.page.link/bv
FIO Protocol
# PRESENTING DAOs
Why: Making Crypto Products Easier So Anyone Can Use Them
Who: Anyone using Crypto
How: https://opolis.co
ShapeShift
# PRESENTING DAOs
Why: Independent contracting stinks.
Who: Corporation that migrated to a DAO for competitive advantage
How: https://shapeshift.com/
{Ideas}
# PRESENTING DAO
Grading - SAT Essays?
Scholarships - Who gets them?
Student government
Tenure determination
Social planning
New Classes?
# PRESENTING DAO
Web3 gives you tools that have made impossible things possible. Don't follow the easy path. Solve problems. Get exposed to many different businesses. Be Bold!
Finally
Thanks
@eGovGuy
DU Prez
By Russell Castagnaro
