What DAOs Can Learn from Corporate Governance | Larry Sukernik, Derek Hsue

Season 2 | Episode 2 In this episode of Bell Curve, we are joined by Larry Sukernik and Derek Hsue to discuss what DAOs can learn from corporate governance. Should DAOs optimize for token holders or users? How can DAOs scale while minimizing the principal-agent problem? Should DAOs be governed liked an established corporation or a startup? What about treasury management? Tune in to find out! - - Timestamps (00:00) Intro: Pre-Interview (01:56) “Reserve Ad” (02:15) DAO Governance Mental Models (11:05) The Public Goods Paradox (15:36) Optimising For Different Stakeholders (25:30) Protocol Delegates & The Principal-Agent Problem (37:19) “Reserve Ad” (39:32) Protocol Delegates & The Principal-Agent Problem (44:46) Reverie’s Orca Council Structure (49:40) The Ideal Governance Platform (53:25) Convex vs Concave Decisions (01:00:17) When DAO, When Not DAO (01:13:47) A DAOs #1 Challenge & Treasury Management (01:20:24) Outro - - Follow Larry: https://twitter.com/lsukernik Follow Derek: https://twitter.com/derek_hsue Follow Mike: https://twitter.com/MikeIppolito_ Follow Jason: https://twitter.com/JasonYanowitz Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH - - Resources: Reverie https://www.reverie.ooo/ Musings on Governance https://www.reverie.ooo/post/musings-on-governance Simple Sabotage Field Manual https://bit.ly/3A599z9 Business-Governance Fit (Chris Ahn) https://station.mirror.xyz/xjAWfo9cqLDLTjU2eamDIvuK09QrawY1nk5MXaXmZT4 DAOs Are Not Corporations (Vitalik) https://vitalik.ca/general/2022/09/20/daos.html I Pledge Allegiance (podcast) https://spoti.fi/3zRgYIF - - Reserve Protocol aims to protect consumers from the effects of high inflation and hopes to one day eradicate it. It's a self-service, permissionless factory where anyone can build, deploy and govern their own asset-backed stablecoins (RTokens), which can be integrated within DeFi and real-world commerce. The Reserve App is a user-friendly way for ordinary people to buy RSV stablecoin with their local currencies and use them locally. More info at https://reserve.org/ - - Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.