Thinks 343

The Generalist on DAOs: “DAOs are a new way of organizing people. Traditionally, a company structure has been the most effective free-market approach to accruing talent in pursuit of a goal. That labor is usually persuaded and controlled through wages. DAOs seek similar ends — the creation of value — but rely on a decentralized framework in which workers, users, and other stakeholders have true ownership of the entity. Various types of DAOs have emerged to serve different use-cases. As interest in the space has increased, DAOs have begun to diversify and experiment with the boundaries of what’s possible. There are DAOs for investing, DAOs for building new products, DAOs for socializing, and many iterations both between and beyond.”

10 Questions to Ask Before You Believe in a Business Model: by Rita McGrath. Among them: “Are we able to create switching costs once we have a customer working with us? Painkillers or vitamins? Do we have the opportunity to take advantage of network effects?”

Praveen Chakravarty: “Out of every 100 Indians who voted in the 2019 national elections, only 35 were committed voters, who were sure of which party to vote for even before the campaign began. The remaining 65 voters decided who to vote for in the last few days or weeks before election day (Lokniti National Election Study). So, 65 per cent of Indian voters make their voting decisions quite late in an election. Further, a significant 43 per cent of these non-committed voters make their choice based on hawa — on who they think is likely to win. That is, in effect, nearly 30 per cent (43 per cent of the 65 per cent non-committed voters) of all Indian voters — a significantly large number, especially when winning margins in India’s multi-party elections are small.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.