Everyone assumes Tesla makes cars, but Elon Musk explained how it’s the factory, not the car, that’s the product. The factory is the thing that enables everything. For us at CityDAO, what it looks like is switching our mindset from debating implementation details towards focusing on enabling people to get things done at the DAO.
Examples of Factory thinking:
Small entrepreneurial teams
The best way to enable stuff to get done is to allow small groups with a clear plan to come to the DAO and propose things. They should outline a few basic things to the DAO, like who is working on the project, what the success criteria is, how much funding they need, financials, and if it’s a big real estate purchase - a thoughtful analysis of what could go wrong.
While the DAO superstructure is decentralized, within these small teams, a leader has total autonomy to decide things like who they want to work with, how to get work done, and how people get paid.
If we do not take this approach, we are subject to the principal-agent problem - where one group suggests something that sounds exciting but is unrealistic (city on mars!) and another group is responsible for executing.
Aligning around metrics
When deciding what proposals to fund, we should be asking if they align with CityDAO’s Mission and Metric. Our mission is to build a network city of the future where everything is on chain, making the physical world decentralized, transparent, immutable and permissionless. Our Key Metric is Citizen Time at CityDAO property - basically how much time citizens are spending on CityDAO properties.
Acquiring our next 5 Parcels:
Our next 5 Parcels will be acquired by small teams taking action, asking the DAO for input and approval. Here is what the process looks like: