1 Executive (3 day to approve)
1-Lead-3-Engineer Guild (1 week)
10% Community Votes (4 weeks)
3 Senior Team (5 days)
5-of-9 DAO Governors (2 weeks)
To move fast while reaching consensus, who should approve for a $1M proposal?
It is hard to answer this question without more context. However, I personally will follow the following practice. 1. People of knowledge and expertise should be doing the approval. However, balance it with being timely on execution/ implementation (depending on the approval required). 2. What is equally important is not just the approvals, but the communication as to WHY it is approved, measure of success and the guidelines - especially on big ticket items. Without this, people have little context to the WHY, and it is easy to get frustrated after the fact. 3. Community sentiment is important - and should be taken as real feedback to reflect, and pivot, as necessary, but not as a direct follow through. We have to be careful of herd mentality and especially in today social media age - this can easily get out of control. Lastly - do not be afraid to take bets or swim against the current. Great companies become great because they take the right winning bets at the right moment. If the Wright Brothers were to follow consensus, they wouldn’t have flown. That being said - I do think that we need to drive accountability by clearly explaining WHY we are taking a certain position and the assumptions. This will allow us to reflect and pivot, when needed.