Inspiration
Having run my own remote venture studio (completely bootstrapped) I have realised that entrepreneurs need access to capital, technical know-how and marketing prowess. I then went about building technologies to solve distribution and user acquisition using AI, and now I have realised the importance of having a community which can back companies to flourish. Thus, I propose a DAO which is focussed on the long term success of companies it backs. Community can provide intel on technology, marketing (customer/user acquisition) besides helping with initially bootstrapping liquidity. The community gets rewards for sustained help throughout the growth trajectory of the startup.
What it does
- Community Governance to select projects to help.
- Compliant KYC/KYB/AML checks to ensure businesses/projects are verified (protect against potential rug), and all participants in the DAO are verified.
- Insurance against Rugs/Hacks
- Rewards for user testing, citizen journalism, development grants, and more.
- Trust mechanism to score and rate/review products/services provided by DAO members/External Parties to the incubated projects// And trust mechanism for incubated projects themselves
How I built it
- At the moment we have a web app with magic link integration and AI driven growth tech.
- We have a small community on discord as well which is passionate about startups and growth.
- We have ran sales to validate we can get sales/users for incubated companies with tech and power of community
Challenges I ran into
- Decentralising aspects of the project
- User flows
- Cryptoeconomic Incentives and Token System
- Coding up stuff on Solana
Accomplishments that I'm proud of
- Building growth tech and initial version of our product
What I learned
- Rome was not built in a day, this is a long term project not a quick flip kind of project.
What's next for Bitbaza.dao
- Decentralise the project and empower/expand community
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