DAOs Bring a New MVP

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

DAOs or Distributed Autonomous Organizations are communities with a purpose using software platforms to coordinate and execute the policies of its members.

Startups traditionally bring an MVP or Minimum Viable Product to the market to test interest and demonstrate they can build and deliver a solution. 

In the Web3 world, the startup is part of a community and must test interest with that group.

This shifts the focus of building something that someone wants to building something that a particular group of people want.

DAOs bring a community together for a common purpose.

Their requirements are more specific and in some cases more demanding.

Those within DAOs are more collaborative and supportive and can be not only users but also investors and potential employees.

This creates a new dynamic in building an MVP.  

It must not only solve the problem but also appeal to the people who have a stake in a cause and want to see it grow and develop.

The MVP in a DAO must be more compelling and aligned with the interests of the group.

The connection among members of a DAO provides more information and feedback than traditional communities.

Consider what your MVP must achieve to be successful in a 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.

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

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On this episode of Investor Connect, Hall welcomes Mario Vasquez, Founder and CEO at Vest Social. Located in Georgetown, Texas, Vest Social is a newly launched platform aimed at connecting individuals and businesses in the construction industry. The company addresses the significant challenge many face in hiring skilled labor by leveraging technology to create a user-friendly environment where contractors and job seekers can find each other easily. With the app recently launched, the focus is on building a strong user base and refining the platform's offerings to better meet the needs of the construction sector.

Mario has dedicated his career to the construction industry, and his extensive experience led him to identify the growing need for a dedicated hiring platform in this field. With a background in tech and construction, he saw firsthand the difficulties in recruitment and decided to create a solution that not only simplifies the hiring process but also caters specifically to the construction trades. Over the past year, he has assembled a talented team to develop and launch Vest Social, showcasing his commitment to innovation in the industry.

In this episode, Mario discusses the initial launch of Vest Social, the challenges of building a user base, and the strategic decisions made regarding marketing and funding. He shares insights into the importance of targeted regional marketing within Texas, highlighting his desire to create a community where tradespeople can connect effectively and efficiently.

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.