You're reading State of the DAOs, the high-signal low-noise newsletter for understanding DAOs.
gm gm and welcome to the State of the DAOs!
Let’s all get together and admit one basic fact about DAOs: we’re still figuring out how to build great teams. We work hard to coordinate and align incentives, and most long-time DAO contributors are eager to onboard new members into ongoing projects. Yet even during the recent bull run, we still saw teams fall apart and projects dissolve. You can have capital, culture, and contribution, but those essential elements alone are not enough to build great teams.
We are trained to look to project management principles and crypto-native solutions when workshopping how to make our teams and projects more resilient and agile. But perhaps we should be looking elsewhere, in this case to professional sports.
To win a professional championship in a major sport, having money, labor, and the city behind you is not enough, as this is nearly ubiquitous in modern sports. No, to win a championship trophy you have to have the full package: a great game, but also a whole host of other factors, such as understanding how players fit together within the team and thinking through second and third order consequences of any given action.
For this week’s editorial, Jake and Stake uses the recent history of the Golden State Warriors, who just won their 4th NBA Championship, to illustrate how we can build better teams that perform at a high level over a long horizon. Jake teaches us that skilled contributors are but one variable in the formula for a high-performing DAO team.
Contributors: BanklessDAO Writers Guild (authors)
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Caption: veBAL is here. Let the #BALbattles begin!
[img link] https://twitter.com/balancer