After putting the proposal on-chain, discussion heated up significantly. From my perspective, there were spirited debates in the Nouns Discord channels & Telegram groups about certain core issues:

1. “What legal + compliance hurdles would an equity investment place on the DAO?”

   This was the first equity investment proposed to the DAO, and I knew that figuring out a legal structure would be a challenge since the DAO doesn’t have a legal entity aside from the one-way Nouns Foundation.

2. “What precedent would it set if we started doing equity deals?”

   I’ll comment on this a bit more later.

3. “Why is Verse a good fit to be supported by Nouns"?”

   This was the question most pertinent to the actual content of the proposal (as opposed to the logistical structure). Opinions here of course vary among different people in the DAO, but I left my personal thoughts in the Discourse post above.

These are all valid questions that deserve deep consideration. However, personally, I was a bit disappointed that significant pushback only came after the proposal went on-chain and became immutable. Based on the initial positive Discourse reaction, I had no idea that these questions (specifically #1 & #2) would be such heavy blockers that would cause most voters to either abstain or not vote at all. Structurally, I do think it’s a flaw that the DAO isn’t able to effectively counter proposals or make suggested amendments after a prop goes on-chain. Above all, it was just frustrating that the critical feedback came far too late to make any meaningful changes.

After putting the proposal on-chain, discussion heated up significantly. From my perspective, there were spirited debates in the Nouns Discord channels & Telegram groups about certain core issues:

1. “What legal + compliance hurdles would an equity investment place on the DAO?”

   This was the first equity investment proposed to the DAO, and I knew that figuring out a legal structure would be a challenge since the DAO doesn’t have a legal entity aside from the one-way Nouns Foundation.

2. “What precedent would it set if we started doing equity deals?”

   I’ll comment on this a bit more later.

3. “Why is Verse a good fit to be supported by Nouns"?”

   This was the question most pertinent to the actual content of the proposal (as opposed to the logistical structure). Opinions here of course vary among different people in the DAO, but I left my personal thoughts in the Discourse post above.

These are all valid questions that deserve deep consideration. However, personally, I was a bit disappointed that significant pushback only came after the proposal went on-chain and became immutable. Based on the initial positive Discourse reaction, I had no idea that these questions (specifically #1 & #2) would be such heavy blockers that would cause most voters to either abstain or not vote at all. Structurally, I do think it’s a flaw that the DAO isn’t able to effectively counter proposals or make suggested amendments after a prop goes on-chain. Above all, it was just frustrating that the critical feedback came far too late to make any meaningful changes.