RnDAO 2024 Retrospective Report By SimScore.
Retrospective Statistical Consensus by SimScore API
Introduction
This report analyzes feedback collected through a SimScore retrospective exercise, where participant responses were ranked by their similarity to a central concept. The SimScore methodology assigns percentage values to each response, indicating its relevance and importance to the central theme. A critical aspect of this analysis is that a similarity score of 50% is twice as important as a score of 25%, making higher-scored responses significantly more valuable for identifying needed changes.
This report focuses primarily on responses with similarity scores above 35%, as these represent the most critical insights from participants. Based on this analysis, we have identified four key change recommendations that address the most pressing concerns while avoiding change fatigue.
Detailed Change Recommendations
1. Implement a Systematic Resource Allocation Framework
The highest-scoring responses indicate a critical need for RnDAO to develop a structured approach to resource allocation across ventures.
Supporting Data:
- Priority #1 (Gokhan Polat, 48%): "RnDAO is doing too much for some ventures, while too little for others, but most importantly there is no system to RnDAO Core team allocate resources. I think RnDAO should review whether its providing value today and stop doing things that do not provide value."
- Priority #13 (Gokhan Polat, 36%): "Instead of resource allocation ad hoc and when a venture is struggling, RnDAO should be more strategic and make investment because it align with RnDAO skills, timing, team readiness."
- Priority #8 (jonas, 41%): "It also feels like we can only support a small number of projects (~10), once it gets more it would strain RnDAO resources & people & community too much."
Why This Matters:
The current ad-hoc approach to resource allocation is causing inefficiencies and inequities across ventures. Some receive excessive support while others receive insufficient help, leading to inconsistent outcomes and strained resources. A systematic framework would ensure that RnDAO's limited resources are deployed strategically based on objective criteria such as venture readiness, alignment with RnDAO's strengths, and potential impact. This would maximize the value provided to ventures while optimizing RnDAO's resource utilization.
2. Foster Cross-Venture Communication and Collaboration
There is strong evidence that RnDAO needs to create more structured opportunities for ventures to communicate, collaborate, and learn from each other.
Supporting Data:
- Priority #2 (ChrisB, 48%): "While it is understandable that RnDAO's primary goal is to survive through a difficult bear market and to find their own product market fit in the web3 space, I feel that this has been to the detriment of the venture support they provide which tempts ventures to 'go it alone' despite the false economy of doing so. I feel strongly that greater cross-venture communication and perhaps even collaboration should be fostered more..."
- Priority #5 (Gokhan Polat, 43%): "I think venture teams should be sharing more. I find that they often miss out on the opportunity to train their pitch to RnDAO community and get valuable feedback, because the community has people who understand the space and bring different view points that can be super helpful."
- Priority #10 (ChrisB, 39%): "There should be a quarterly venture showcase including collaboration ventures from RnDAO and the wider collabtech world."
Why This Matters:
Ventures are operating in silos, missing significant opportunities for knowledge sharing, feedback, and potential collaboration. By fostering cross-venture communication, RnDAO can create a multiplier effect where ventures benefit from each other's insights, experiences, and networks. This would strengthen the overall ecosystem, prevent duplicated efforts, and align with RnDAO's fundamental value proposition as a collaboration-focused organization. Regular showcases and structured sharing sessions would build community while accelerating venture development through peer learning.
3. Implement Structured Pitch Sessions and Training
Feedback points to a specific need for structured pitch development and practice opportunities for venture teams.
Supporting Data:
- Priority #3 (Gokhan Polat, 46%): "I think there should be a weekly pitch session for all ventures and their should be some incentives for them to make this happen. A lot of the builders within RnDAO needs improve thier pitching ability, because it matters massively in building ventures. Rather than RnDAO reaching out to ventures, ventures should be requesting help from RnDAO."
- Priority #5 (Gokhan Polat, 43%): "I think venture teams should be sharing more. I find that they often miss out on the opportunity to train their pitch to RnDAO community and get valuable feedback, because the community has people who understand the space and bring different view points that can be super helpful."
- Priority #6 (maets23, 43%): "I try all the time and no one gets it. I try by saying that RnDao has a great premise. That before building a product do the user research first. This confirms or denies there is a need out there. Also get a better feeling of potential market size..."
Why This Matters:
Effective pitching is fundamental to venture success, affecting fundraising, user adoption, team recruitment, and partnerships. The data suggests that many RnDAO ventures struggle with articulating their value proposition clearly. Regular pitch sessions would create accountability, provide structured feedback opportunities, and leverage the diverse expertise within the RnDAO community. This would help ventures refine their messaging, identify blind spots, and develop more compelling narratives. Additionally, shifting to a "pull" rather than "push" model would empower ventures to take more ownership of their development while making resource allocation more efficient.
4. Refocus on Market Viability and User-Centric Development
The data indicates a need to emphasize market viability and user-centric development over grant-chasing or speculative building.
Supporting Data:
- Priority #7 (Gokhan Polat, 42%): "While seeking grants and writing proposals is what fuels RnDAO team and without it RnDAO would not exist, yet applying for grants and trying to satisfy decision makers who give out funding is bad for venture building. Because the problem these ventures are solving should be available enough for users to pay for it. Building a solution that is worth for a user to pay it, is the best way to know you have product market fit. Anything else is a wrong pursuit."
- Priority #9 (Gokhan Polat, 39%): "The agenda around collaboration tools, building a community where people feels it's not about financial speculation, but about building solutions that are viable. This means doing good user and market research and sensemaking with partners. This is what makes RnDAO stand our from others in the industry."
- Priority #11 (Gokhan Polat, 38%): "I RnDAO is positioned well in the web3 space, because research and venture building are two aspect that is lacking, because the web3 ecosystem is full of builders who just build cool solutions and don't think who it's for and why it matters for a specific user..."
Why This Matters:
While grant funding is necessary for RnDAO's operations, an overemphasis on grant acquisition can distort venture priorities away from developing truly valuable, market-ready solutions. The data suggests that RnDAO's distinction in the web3 space lies precisely in its focus on user research and market viability—areas often neglected in the broader ecosystem. By reinforcing this market-centric approach, RnDAO can help ventures develop solutions that users are genuinely willing to pay for, creating sustainable businesses rather than grant-dependent projects. This aligns with RnDAO's unique positioning while improving long-term venture outcomes.
Conclusion
Based on the SimScore analysis, RnDAO should focus on four key changes to enhance its effectiveness and value delivery:
- Implement a Systematic Resource Allocation Framework to ensure strategic and equitable distribution of support across ventures.
- Foster Cross-Venture Communication and Collaboration to leverage the collective knowledge and create a stronger community ecosystem.
- Implement Structured Pitch Sessions and Training to improve venture communication capabilities and create a venture-driven support model.
- Refocus on Market Viability and User-Centric Development to ensure ventures build solutions that users genuinely value and will pay for.
These recommendations directly address the highest-scoring feedback and represent the most impactful changes RnDAO can make while avoiding change fatigue. Implementing these changes would strengthen RnDAO's core value proposition, improve resource efficiency, and increase the success potential for supported ventures.
By focusing on these four areas, RnDAO can build on its existing strengths in research and collaboration while addressing key operational gaps that are currently limiting its effectiveness.