timrpeterson (timrpeterson)
programming, molecular biology
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/desci Just some thoughts on how DeSci DAOs can do better in funding projects, based on 3 years now of helping build @vitadao The key is project maturity vs % ownership. When talking a product, such as a therapeutic, if the researcher has it in hand already, it will likely be too expensive for the DAO to fund
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“Reducing an idea to practice” - making something physical - is what drives value. Once that happens, the researcher will rightly start to value their project more. Historically they will go raise money which will be $1M+ which puts it out of range for DAOs.
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It is better for DAOs to be part of the inventive step such that they can control the project and leverage the DAO’s unique advantage of having a large group of passionate stakeholders.
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Not much $ is needed to get started on the invention. Under $100K is doable especially since the goal is to leverage the researcher’s deep background to know what the simplest inventive step would look like.
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