What Is Web3?

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

The current internet is controlled by a few players with concentrated power over the users.

The next generation of the web, called Web3 seeks to decentralize the internet and give control back to the users.

Web3 promises to give creators a larger share of the revenue from their work.

It also promises to give users control back over their own data and content.

Web3 uses blockchain technology which enables decentralized control and removes the gatekeepers.

The current web lacks a layer for handling payment transactions.

Cryptocurrencies provide technical solutions to enable Web3 by providing tokens to incentivize users and compensate those who work on it.

Web3 brings a new approach to software that takes it to the next level.

It brings composability which lets one build new capabilities on existing software modules.

This speeds up the software development and increases the capabilities of the system as well.

Web3 also defines the interface between systems to enhance the exchange of data and interconnections among companies.

Web3 is the next generation of software.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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On this episode of Investor Connect, Hall welcomes Matt Duomo, CEO and AI Strategy Expert at Fifth Advantage. Located in Austin, Texas, Fifth Advantage helps businesses become future-ready by leveraging AI and digital technologies to drive growth and efficiency. This innovative company is renowned for its "anti-consulting" approach, which focuses on delivering fast, actionable results that empower clients to thrive autonomously. With a team of experts known as the "Avengers of AI," Fifth Advantage emphasizes the collaboration and adaptation necessary for companies to navigate the rapidly evolving technological landscape and successfully implement AI strategies.

Matt Duomo has a rich background in technology, having worked with industry giants like Microsoft and Amazon. As a founding general manager of Amazon Web Services’ database division, he played a crucial role in developing products like Microsoft Dynamics and the speech infrastructure that became Cortana. Matt has a wealth of experience in leading projects to successful exits, including companies that achieved a combined $1.6 billion in exits. At Fifth Advantage, he is driven by a desire to provide guidance and support to businesses embracing AI during the dawn of the Fourth Industrial Revolution, aiming to empower organizations for autonomous growth and success.

In this episode, Matt shares his insights on the importance of understanding AI demands within businesses and how to deliver growth in a matter of weeks. He discusses the evolving landscape for family offices to invest in AI and the need for practical, value-based investments. Matt emphasizes a collaborative approach to working with clients, ensuring that they can navigate challenges and embrace opportunities in AI.

Matt delves into how both Jeff Bezos and Bill Gates have influenced his views on innovation and AI. He explains the necessity of working backward from the customer needs and setting realistic goals to ensure AI projects succeed. The conversation also covers how family offices are uniquely positioned to invest in AI, especially during a time when traditional venture capital models are changing. He underscores the importance of creating value, enhancing employee experiences, and leveraging AI as a tool for efficiency and innovation in business.

Visit Fifth Advantage at www.fifthvantage.com, LinkedIn, and on Twitter.
Reach out to Matt at matt.duomo@fifthvantage.com, LinkedIn, and on Twitter.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

How To Write a DAO Constitution

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In setting up a DAO it’s important to write a constitution defining the governance and establishing the rules.

Here are some key steps in writing a constitution for your DAO:

Start with the vision of the DAO by stating its mission and values.

Describe the governance structure including roles and responsibilities.

Define the guidelines for the members including rewards for adding value and penalties for causing harm with mechanisms for enforcement.

Include rules for protecting the members, the treasury, and other key assets and stakeholders.

Invite input from the members to review and comment on the draft.

Add new rules as the need arises.

Set up a process for updating the rules.

There are many other DAO constitutions available.

Review and consider what can be drawn from them.

All of this must work within the software framework for running the DAO.

Consider these steps in setting up your DAO.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.