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ted (not lasso)
@ted
okay last cast before i retire to DCs and GCs: crypto VCs, why did you decide to invest in so many DAOs between 2020 - 2022ish? genuinely curious what those investment memos looked like and why you were bullish enough to invest.
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six
@six
not a crypto VC but, as a market participant i feel like there was a narrative that DAOs were the new successors to traditional organizations - so made sense in theory to invest in the early ones ppl saying stuff like "in 2030, the largest company in the world will be a DAO"
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Adam
@adam-
There was a spray and pray approach in those days. Just a bunch of small bets to see which ones could survive.
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