Nest Analysis and Strategy

As recently discussed on the forum, Aragon needs to get better at funding small community experiments and app developers. It’s much more capital efficient than monolithic Flock proposals and can add lots of value to Aragon as a platform. This is easier said than done. Building prototypes is easy, but shipping production ready applications is not.

This proposal aims to improve the return on investment for the NestDAO. We also aim to improve the contributor experience for Aragon developers. This will help us fund better projects, support those project to help them ship a production ready product, and as a result drive more value to Aragon as a platform. First, we need to identify what “success” means in the context of the NestDAO, then we want to evaluate past projects to understand what’s working and what’s not, then we want to present suggestions for improvement.

  • Step 1: Draft a project evaluation framework that correlates success metrics to ANT/Aragon value.
  • Step 2: Evaluate past Nest grantee performance and consult with @LouisGrx to better understand what worked, what didn’t, and how we can improve.
  • Step 3: Present strategies for the NestDAO to improve returns on investment.

This is not a final analysis by any means. It’s a step towards putting more data on the table for the NestDAO WG and the Aragon community. We plan to post preliminary results to the forum and/or #nest-wg chat for review. Then, after incorporating feedback, we will discuss results and next steps at the upcoming NestDAO WG meeting. From there the NestDAO can choose to iterate or move forward with some of the initiatives presented.


Sketch: NestDAO Analysis and Strategy

This is an outline of some initial ideas. These are mostly aggregated from various discussions on the forum in the last few weeks. As we proceed with the project we will validate, invalidate, or modify these points accordingly.

1. Success Metrics (WIP)

For projects that got funded

  • Did they deliver what they set out to deliver? If not, why not?
  • Was the product shipped to mainnet?
  • What kind of traction did get the product get since Rinkeby deployment? - Mainnet deployment?
  • Is the project still being maintained?
  • How was the project’s communication with the community? Were they active in the Aragon forum?
  • Did they seek help when they needed it? Did they collaborate well with synergistic projects?
  • Was there a mismatch between the support promised to them from Aragon vs what they received? If so, what?
  • What support functions would have been most valuable to them?
  • Have they since applied for additional funding from Aragon? If not, why not?
  • How could the Nest application experience have been improved for them?

For projects that didn’t get funded

  • Did they end up getting funded by one of the Aragon competitors? Which one?
  • Did they end up building the product anyway? (Without any funding)
  • How could the Nest application experience have been improved for them?

2. Performance Evaluation and User Interviews (WIP)

Use success metrics to evaluate past Nest grants.

Consult with @LouisGrx to better understand the Nest program, how it’s been working, and how we might improve.


3. Suggestions For Improvement (WIP)

Note:
these are just some initial ideas
not all of these suggestions will be relevant for all projects so NestDAO members will need to adjust accordingly in their evaluations

Requirements for initial funding

  • wishlist/RFPs
  • require proposals to show how the project will increase ANT/Aragon value
  • transparency reports and milestone based funding

Support to increase return on investment

  • deployment guide/requirements (local, rinkeby, mainnet)
  • community feedback / beta testing
  • security audits
  • legal council to provide defensible disclaimers
  • comprehensive Aragon wide Bug Bounty program
  • future fundraising guidance

Requirements for completion bonuses

  • local deployment template, APM Rinkeby deployment, APM mainnet deployment
  • technical documentation, user guides, installation guides
  • timely delivery of production ready project

Request For Funding

We anticipate that this project will take 1-2 weeks of work by @burrrata and @joeycharlesworth. This will allow us to conduct initial research, present our findings to the community (forum and NestDAO WG), and draft next steps for the NestDAO based on community feedback. We feel that 4800 DAI is appropriate for this endeavor.

Funding will be split 50/50 and can be transferred to:




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Stoked to be working on this. Here is mine. 0x6b817156A65615F01949EaE47CC66f2a1f2F2e7D

Added! Please double check to make sure it’s correct

Updated Scope of Grant

Goal

  • Develop a framework to help people get into the Nest program (onboarding), through nest successfully (shipping a real product), and into the broader Aragon ecosystem (ongoing contributions/collaboration).

To Do: develop strategies for the following items

  • Thesis (what Nest is and who it’s for)
  • Success metrics (expectations)
    • should allow grant proposers to explitly explain what they’re doing, why, and the value they will provide. Then we can judge the idea (and the liklihood of shipping a finished product). This should provide guidance, but not be so narrow as to exclude innovation.
  • Requests for proposals (things we want to fund)
  • Updated proposal template (like AGP template)
  • Guidelines/expectations for NestDAO members on due dilligence to perform for various grant sizes (10k vs 100k)
  • Details on how the application process works and what is expected
    • FAQ
    • how long does the process take
    • how long does it take to receive funds (formal agreement)
    • how do grantees receive support and ask questions as they build
  • Security partners and partners to help ship finished products
  • Support program to help Nest grantees connect with the larger Aragon ecosystem

Next Steps

  • Do work
  • Share with NestDAO WG
  • NestDAO WG can then choose to which ideas to move forward with

CFDAO Votes

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Awesome to see this guys :slight_smile:

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Love this!

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Nest Analysis & Strategy

We are happy to announce that our Nest Analysis & Strategy report is now ready!

We started by gathering data on the Nest program; going through every open Issue and PR in the Nest GitHub repository line by line and aggregating that data into a spreadsheet. We then performed analysis on that data to better understand the history, trends, and future outlook of the Nest program. Based on that data, we provide strategic recommendations to improve the Nest program’s returns on investment.

This report does not have an opinion as to how the Nest program fits into the overall strategic vision of Aragon. That discussion would require further data and analysis. What this report does provide is an analysis of the Nest program as is and suggestions for improvement within the current budget and framework of the program.

We hope that this report provides insights for the Aragon community. Our goal is to understand where we’re at on the map and how we might move forward together towards our shared goal of making Aragon a sustainable and unstoppable force in the world. All feedback and suggestions for improvement are welcome :slight_smile:

The entirety of our findings can be found here:

The slide deck goes over the Nest Analysis & Strategy report at a high level. In the notes section of each slide is a link to the corresponding section of the report. There you can find more details on our analysis and actionable next steps to realize the improvements suggested.

If you would like to learn more, we will be presenting our findings at the nest Nest Working Group meeting this Thursday October 17th, at 5pm CEST. Details on the upcoming call and a link to join will be posted in the NestWG channel on the Aragon chat.

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Wow, congratulations for such a nice work! It is going to be super useful for subsequent iterations on the Nest program!

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thats a great report! thank you and everyone involved

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Awesome report guys looking forward to today’s presentation :metal:

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Came across some relevant articles and discussions that might inform some of the concepts in the Nest Analysis & Strategy docs.

First, there’s the overall idea that decentralize autonomous organizations can only be autonomous if they are self sufficient. This requires a sustainable business model. For a simple layer 1 blockchain like Bitcoin this is possible via cryptoeconomics. For more advanced layer 2 systems that are continously evolving positive cash flows and/or token value capture is required. Flipside crypto explores this further in their latest post: " The 0.1% — 0.9% — 99% Rule of Blockchains"

Now incentives and cash flows are all good, but what we really want them for is to incentivize people to do the work that makes communities and projects great. This was recently explored on the SourceCred forum in a thread titled: “About Champions and Heros.” The spirit of the post really embodies my vision for the Nest manager in the framework of the Nest Analysis & Strategy: someone who engages with teams, leads initiatives, and supports them through all the twists and turns of the program so they can ship their ideas to Aragon users.

Regarding marketing initiatives, Blockstack has actually been doing a really great job in this department. Their latest Q3 newsletter update highlights applications on the platform, transparency around capital management, and community engagement initiatives. For example, sharing finished apps on ProductHunt, hosting global/virtual hackathons, and creating partnerships with complimentary ecosystems/services. This is all very achievable stuff! The Nest program could easily create similar support programs, track similar metrics, and share those updates with the community.

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Note: This stuff is in the Nest Analysis & Strategy thread because A) it provides support for a lot of the ideas in the Nest report, and B) the over-arching goal of the Nest program is to help teams turn ideas into cool stuff on Aragon and these ideas contribute to that overall goal.

It’s becoming obvious that one of the highest-leverage ways to create value for Aragon is to support teams to building profitable products and services on the platform. This is relevant for small community ideas, Nest teams, Flock teams, and even the high-level Aragon strategy. To better understand how we might do this I’m reviewing the strategies of top tier startup accelerators and ecosystems to see what aspects of those might work for Aragon.

YCominbator is arguably one of the most successful, well known, and trusted brands when it comes to helping people turn ideas into world changing companies. They have great resources for founders, a strong and engaged community, and mentors to help teams every step of the way. The first step in this journey is a thing called Startup School. Startup School is startups101. It teaches students the basics from ideation, to business plans, to team dynamics. Then teams are incentivized to give each other feedback on their pitches, products and strategies. Conveniently, every graduate is asked to apply to YC! This gives them a pipeline of founders who have educated and onboarded themselves to the YC network. This is brilliant. It’s low cost, it scales, it increases deal flow, and protects future investments by educating founders on the basics before they get funded. I’m thoroughly impressed.

  • Cool, but what’s in it for Aragon?
  • Two of the biggest problems on Aragon right now are getting people to successfully build stuff and getting the stuff they build to actually have a path towards profitability. Creating an “Aragon School” (or at least a pile of helpful “getting started” resources) that covers AragonOS basics and DAO business model basics could help way more devs build way better things on Aragon.
  • We could create a program for early stage projects that allows/incentivizes teams to give each other feedback on their ideas and prototypes. This collaboration is valuable for all parties involved, but also free! We could literally create this today as a working group and/or an Aragon chat channel. This could (start to) help build a foundation for an Aragon startup ecosystem that isn’t just about grants.
  • We could create a directory of people in the ecosystem who have skills and are happy to help out with stuff. Every CFDAO or Nest grantee would be asked if they want to join the directory. Doing so signals an intent to help and be helped. This would create immediate and tangible value for everyone else in the ecosystem.
  • Weekly team updates (this is more for Nest) hold teams accountable and give Nest managers and Working Group an easy way to see what’s going on and how they can help. Considering that everyone’s incentives are aligned, this is a win/win. This program could be extended to CFDAO teams where they could all post weekly updates on what’s working and what’s not, and then they could learn from each other or help out with blockers if possible.
  • Support and templates on basic things like user interviews (that most technical teams have never done) can easily 10X results with just a 30-60min time investment from Aragon teams.
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There was this idea floating around about having an Aragon Academy. I remember @cemfdagdelen coming up with that. I love the idea we should to something like that.

Highly support that as well. I think that’s something that we could have done for Nest a while ago!

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Agreed that something like this would be super useful! That being said, I think we could create a quick and simple program (or pile of resources) in about a week. From there we could learn what works and what doesn’t, get feedback from the community, and build out the support resources that people need. This should be something that is very fast and nimble, not a project that takes months to develop and then “launches.”

Right! So simple. So easy. Free!

Maybe we could start by extending the current Aragon directory with a section for CFDAO and Nest teams. This could be accompanied by a blog posts that explains expectations and benefits to CFDAO and Nest teams around collaboration and feedback.

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