The State of DAOs With Syndicate’s Ian Lee

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 26 January 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo, Abra and FTX US. Today on “The Breakdown,” NLW is joined by Ian Lee, co-founder at Syndicate. Syndicate helps groups tap into Web 3 tools to transform investing and capital allocation. Today Syndicate announced their Web3 Investment Clubs that effortlessly turn any Web 3 wallet into an investment DAO. In this conversation, they discuss: Ian’s background and how he got interested in DAOs Why the tooling for DAOs wasn’t ready in 2018 Key 2021 milestones for DAOs How DAOs interact with the existing legal structure Why democratizing investing can transform the world What’s coming for DAOs in 2022 - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: lemono/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	This idea of, isn't there a more network-native community-driven model for investing in these
0:07.7	technologies that are fundamentally network-native and community-owned, there must be some better
0:14.5	model for that, that is both more network-native, but also more compliant and safe than previous models like the ICO model.
0:25.2	Welcome back to The Breakdown with me, NLW.
0:29.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:35.2	The breakdown is sponsored by nexo.io, Abra, FtX, and produced and distributed by CoinDesk.
0:43.0	What's going on, guys? It is Tuesday, January 25th, and today I am joined by Ian Lee of Syndicate.
0:50.8	Now, before we get into that discussion, if you are enjoying the breakdown, please go subscribe
0:55.4	to it, give it five stars, review it if the app you listen to as reviews, or if you want to
1:00.3	dive into the conversation in a much deeper way, come join the breakers discord. You can find a
1:06.4	link in the show notes, or you can go to bit.ly slash breakdown pod. Also, disclosure, as always, in addition to
1:14.7	them being a sponsor, I also work with FTX. So, I am joined today by Ian Lee. Ian has been in the
1:22.7	crypto space in investing and product roles since 2014. He helped IDEO start their first crypto fund, and for the last
1:29.9	couple of years has turned his attention to Daos. Ian is the co-founder of Syndicate Protocol, and here's how
1:36.7	Syndicate describes itself on its website. Today's models for investing are leaving many people
1:41.7	out of what gets built in the world, by whom, for whom,
1:45.2	and where. Syndicate democratizes investing, empowering communities to raise and invest capital
1:50.6	like never before. It's a future that's more open, free, and fair. In short, Syndicate is trying
1:56.5	to use the tools available via Web 3, in particular DAWS, to make group-driven investing
2:02.7	much faster, easier, and more distributed. And that is something that I hugely, hugely support.
2:08.6	In this show, we're going to talk about the history of DAWS, what the last year did in terms of
2:13.7	increasing the profile of DAWS, what people are working and thinking on currently,
	...

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