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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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Coop
@coopahtroopa.eth
Very clear path to a token and generally where the market sentiment and interest was at the time. Equally worth looking at is DAO Tooling - where there was just as much if not more funding. As someone who angeled into a ton of DAOs + DAO tooling it just felt like the right place to be and the right founders to back
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Coop
@coopahtroopa.eth
The bias here was around early DeFi DAOs like Uniswap, Compound, Synthetix where the tokens traded at multi-billion dollar vals so i think everyone was expecting DAO tokens to do similar multiples as crypto got more adoption. Difference was DeFi had way more capital inflows than most DAOs and no one likes governance.
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Ben - [C/x]
@benersing
1000 $degen for thoughtful community contribution
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