The Equitable Equity Manifesto

[newmindflow]

In the NFT-DAO weekly meeting from 2021-05-19 two important points were made:

1. The fact that we should first think about generating wealth within the DAO, before thinking about compensating members, and distributing assets, as it otherwise would be pointless to devise compensation schemes. (Tyler)
2. The DAO is like a start-up, but not like a start-up. (Stephen)

Both of them are true.

The fact is that we do have a lot of wealth and assets internally in the DAO.
Wealth a lot of us believe is of potentially great value. Both financially, socially, and otherwise.
That's why we are investing our time, energy, resources, and talents into this project.

And that wealth is the future of NFT-DAO. A stake in NFT-DAO. Equity in NFT-DAO.

The DAO is like a start-up, but not like a start-up.

Like a start-up we are trying to build a new venture from the ground up. We have founders, a product and a vision that we’re working together towards delivering.

But in a start-up, the founders and partners take all the risks, by investing their financial resources, their time, energy and talents. The other parties involved don't take risks, because they are salaried employees. So it’s only natural that the founders and partners get all the equity.

But in NFT-DAO we are not salaried employees and thus we are all taking the risks of investments.

Because there is a wealth in which we all believe, which can be distributed fairly, especially to those who have been involved in the DAO since its early days, we can start thinking about distributing that wealth equitably, fairly, and proportionally for the efforts put in by all members of our community.

Efforts that will inevitably result in increasing the value of NFT-DAO and, thus, that of the equity of NFT-DAO.

The DAO undoubtedly has a Founding Holon, without the efforts of which there wouldn't be an NFT-DAO.

As such, it is only natural that the founders should receive an equity bonus.
But the question is: How much should that bonus be in percentage points?

Should there be a difference even amongst the founding holon?

Rich Kopcho, the original proposer, is clearly more of a founder than the rest, Tyler Wales, Troy Egan and Michael Yagi.
Should he receive a bigger portion of equity than the rest of the founders and if so, what should that difference be?

These questions have now become more relevant and immediate since there is a potential deal with Occam.fi and a valuation coming up.