Git open-source repositories are a popular method for storing code. Unfortunately, a high degree of centralization means there's a single point of control — sparking fears about the prospect of censorship resistance and security. And as more code is written, it can become less secure.

Solutions are now being developed for the teams who manage these open-source repositories — with decentralized autonomous organizations sometimes tasked with building consensus around a code. They can encourage and incentivize developers to look at the code and attest to its security.

DAOs are built on distributed ledger technologies (DLTs) such as blockchain technology and are designed to be transparent, secure and efficient. They offer a new way of organizing business and governance models that could potentially disrupt traditional organizations.

DAOs can help banks address common problems and streamline internal workflows by moving to a blockchain-based architecture.

Banks and financial institutions are some of the most centralized organizations in the world. A small group controls them, and their activities are often opaque. This centralization can make these firms susceptible to corruption, fraud, and mismanagement.

Since DAOs embody the characteristics of blockchain-based technology such as decentralization, transparency and security, they could assist in addressing the said issues.

A DAO for a bank or financial institution will be able to offer secure and efficient services without the need for a brick-and-mortar infrastructure, relying instead on DLT.

Entrepreneurs Alex Taub and Michael Schonfeld once built software tools for the social media boom. Now they’re hoping to provide the plumbing for a new one in the Wild West of Web3.
After launching a new venture, Upstream, upon the sale of their previous startup, SocialRank, in early 2020, Taub and Schonfeld have shifted Upstream’s focus more to groups using cryptocurrencies recently. This past November, they launched Upstream Collective, a product to help manage decentralized autonomous organizations (or DAOs). After finding early traction with users, they’ve now raised $12.5 million in Series A funding led by Boldstart Ventures to expand.

The round, which values Upstream at $80 million after investment, included a gaggle of investors including Tiger Global, Ibex Investors, Vayner Fund, Panoramic Ventures, Alpaca VC, Human Ventures and Blumberg Capital. Crypto specialists, including Fenbushi Capital and The Medici Group, also joined in.

The Easiest Way to Launch a DAO: Upstream Collectives
Hosting and being a part of a DAO is super complex, and requires a ton of different platforms for your treasury, voting, chat, and more.
Which is why you should be using Upstream, the no-code, full-stack, DAO-in-a-box.
With Upstream you can pool money together; create, organize, & vote on proposals; and communicate * host events. All with first-class mobile support.
Go to upstreamapp.com to start your DAO today.
https://youtu.be/ar_UlNIqfQw

Exciting news! You can now take a poll in your DAO on Upstream. Polls make it easy to take a quick pulse of the DAO’s sentiment and get answers fast.

You can choose how long the poll will last and can see results immediately. It's an easy way to engage with your fellow community members.

Whether you're trying to figure out if anyone in the DAO is attending the same conference as you or if you're trying to measure appetite for a future proposal, polls are a helpful tool for DAO admins and DAO members alike.

While the crypto market has lost $2 trillion in value since November 2021, the venture arm of the $24 billion hedge fund run by Steve Cohen, the man who inspired the “Billions” TV show, last week announced it had invested in its fifth crypto company, a decentralized finance firm that provides data and trade execution services for institutions.

DAO in a box
Companies such as Syndicate, Prysm and Upstream offer ways for the groups to purchase crypto assets. Some startups offer tools for specific tasks such as voting, while others like Upstream offer the entire “DAO in a box.” Some such as Syndicate and Prysm focus on helping groups that want to buy crypto assets.

Understanding Business Development
Business Development is a mysterious title for a little discussed function or department in most larger companies. It’s also a great way for an entrepreneur or small business to have fun, create value and make money.

Good business development allows businesses to profit by doing something that is tangential to their core mission. Sometimes the profit is so good, it becomes part of their core mission, other times it supports the brand and sometimes it just makes money. And often it’s a little guy who can be flexible enough to make things happen.

James Cohane (Director of KPMG Venture Capital) has put together a collection of articles that explain what business development is, how it differs from sales, why it matters, and when/how to execute on it.

Roles in BD and partnerships are some of the most sought after non-technical positions at startup companies. But what exactly does someone do in this department? Here are three things you need to know: