Here are the steps to set up a DAO: Create the DAO from an existing platform that provides DAO structures.

Choose a template that best fits the function of the DAO such as membership, company, or fundraising. Set a name for the DAO.

Configure the template for your DAO. Adjust the settings for the performance.

Launch the DAO. Attach a wallet for managing funds and transfers.

You can either attach directly to a network such as Ethereum or set up a testbed.

Invite others to join the DAO and contribute to the cause.

DAOs give everyone the opportunity to vote on the direction and policies of the group.

DAOs range from small-group initiatives to large-scale movements.

Start with a small group and test out your idea before setting it up for scaling into a large network.  

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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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.