Orange DAO 🍊
@orangedao
We’ve upgraded the Orange DAO Fellowship deal to DOUBLE our investment from 25k to 50k. Fellowship is for you if you want to bring your web3 dreams to life. Orange DAO Fellowship offers the best programming, network, mentors & capital in web3: A Thread 🧵
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Rockow
@rockow
How is it both a $50K Uncapped Safe and 1% Equity? Is it Orange or the VC fund invests $50K via safe into the future shares of NewCo and NewCo allocates/gives 1% of its equity to the DAO for future use by the DAO? I may be here all day…thx
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James Sinka - Orange DAO
@jamessinka
On day 0 we give builders a $50k check on an uncapped SAFE with MFN. The builders promise to give us 1% equity on their next fundraise, IF they go on to launch a token/company.
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Manan
@manan
> The builders promise to give us 1% equity on their next fundraise give 1% equity for no money invested?
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James Sinka - Orange DAO
@jamessinka
Happy to help clarify! The fellowship offers a 10-week intensive program with founder mentorship and a 50k uncapped safe with a MFN. The ask: 1% equity!
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