How DAOs Will Change Ecommerce, Investing, & Business w/ Garret Akerson
Capitalism.com with Ryan Daniel Moran
Capitalism.com
4.8 • 802 Ratings
🗓️ 28 February 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
One of our favorite brand builders, the serial entrepreneur Garret Akerson is back on the show.
Garret spoke at one of our Capitalism live events and you can find him on a previous podcast titled "How I Went From 0 To 1 Million Per Month Selling On Shopify" all about how he scaled his eCommerce business without having to touch Amazon.
But this time, after his recent healthy 8-figure exit Ryan wanted to ask him about what is really lighting him up right now - DAOs!
A DAO is a Decentralized autonomous organization - this is an organizaztion that uses blockchain technology to provide a secure digital ledger in a transparent way.
Garret Akerson is using this organizational structure at ClimateActionDAO.xyz to launch a constellation of 20 satellites to calculate the Earth's Radiation Imbalance (ERI), and become the oracle of climate data on-chain. Their aim is to tilt the climate back in favor of human life prior to reaching the point of no return.
And if you're suspicious of all the hype right now around Web3 and you know DAO becoming like a buzzword right now, Garret is right there with you.
But in this episode he described how they will *actually* change eCommerce and investing and business moving forward and all the exciting things on the horizon.
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Transcript
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| 0:00.0 | Hey everybody, welcome to capitalism.com. Before we jump into today's episode, I want to give you |
| 0:08.7 | a little bit of context for how we got to this conversation on the podcast. My guest today is |
| 0:14.7 | Garrett Aikerson. If you're not familiar with that name, you haven't been listening to the podcast |
| 0:19.5 | for long enough. Garrett is one of our success stories. |
| 0:22.9 | He started as a student following the road to one million plan, release four products, |
| 0:27.8 | get him to 25 sales a day at a $30 price point, have a million dollar business. |
| 0:32.2 | However, Garrett had a big old exit as a result of following that plan. It was a mid-eight figure exit, |
| 0:41.5 | and now he's working on his next project. His next project is a decentralized, autonomous |
| 0:48.2 | organization. If you're not familiar with what we call DAWS, they are essentially organizations that are |
| 0:56.6 | decentralized. |
| 0:57.4 | They're built on blockchain and they have distributed decision-making power. |
| 1:02.8 | If you're still listening, here's why that matters. |
| 1:06.8 | I'm fascinated by this world and I'm wondering how this is going to affect business and e-commerce |
| 1:14.2 | over the next several years. How is crypto? How is blockchain? How are decentralized |
| 1:20.3 | autonomous organizations going to affect our lives and businesses moving forward? And since one of my students followed the plan, |
| 1:29.1 | had a big old exit, and is now building a Dow, I wanted to hear about this project in particular. |
| 1:37.1 | In this episode, it takes us a few minutes to warm up. If you stick with us, then you're going to |
| 1:43.8 | hear nuggets about how dows are structured, |
| 1:47.3 | what flexibility it gives entrepreneurs like you and me, and also some of the challenges that we're |
| 1:55.0 | going to have to navigate as these types of structures become normal in our world. If you're |
| 2:00.5 | an e-commerce owner, if you're |
| 2:01.9 | an entrepreneur, then you will benefit from hearing some of how this new type of business |
... |
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