💸 Microangel DAO
    You're early

    Founder Meet 002 — Aug 31, 2022

    • Numbers
      • Core excess FCF goes to DAO, GM gets a % bonus of that
      • does the web2 LLC necessarily have to be in the US
        • canada → SRED
    • Legal
      • when the DAO needs to spend money in the real world, does it do so through the web2 llc (dao is a client of web2 llc) or is there a need for a third company?
      • is the framework between the DAO and the USD LLC enough of a distance to not qualify for a security relative to substance over form
        • if you plan on doing distributions, you need to comply with securities law
        • get the opinion of a more US-based securities law firm once we have legalnodes’ final advice
      • If the a16z’s of the world are already dealing with or invested
        • how would they be able to buy equity into a DAO
        • DAO <> Microangel Labs <> Microangel Web2 LLC
      • We need to have another consult with LegalNodes + a US based lawyer
        • Head of Legal Crypto at a16z → gauge interest or get referrals
    • Token price / supply
      • Expected supply of 2,000
      • Minimum bid 1 ETH
      • Targeting a raise of $3M
    • Dealflow
      • Eyal to go through dealflow process
      • Eyal to go through the scoring criteria
    • Firming up the roles
      • eyal to reuse batch founder responsibility sheet
      • a spreadsheet that defines the folks in the DAO team
      • CRM tool (look into that)
      • Sam
        • Dealflow
        • Finance
        • Some marketing
        • ‣
          right now talking to tayib, let’s assume we do everything on our own
      • Andres
    • Vahid Jozi
    • Long term strategy

    —

    💸 Microangel DAO