ted (not lasso) on Warpcast

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ted (not lasso) pfp

ted (not lasso)

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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ted (not lasso) pfp

ted (not lasso)

will ask directly: @a16zcrypto why creatorDAO (among others) @variant why pleasrDAO @seedclub why cabinDAO @paradigm you don’t list any investments with DAO in the name on your homepage, what made you decide not to invest this question is not a criticism, it’s genuine curiosity

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Ben - [C/x] pfp

I know how much you love $degen @Ted, so you win the 'Most Engaging Cast of the Day' for the /venturecapital channel. Congrats :) 30000 $degen

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EulerLagrangodamus - bank/acc pfp

EulerLagrangodamus - bank/acc

@eulerlagrange.eth

Says the person who started a DAO around herself 🧐

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↑langchain 🎩 pfp

↑langchain 🎩

We all did not yet understand the true pain of governance unfortunately.

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Jesse Walden pfp

@variant’s investment in pleasr is akin to membership in an investment club with exposure to digital art. we selectively invest in NFTs directly too, but it’s not our core focus—so pleasr was a way to build a basket.

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Matthew Fox 🌐

it rhymes with brokens

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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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meltem pfp

(i think) the biggest DAO investment in terms of capital raise and number of firms participating was AllianceDAO, which was spun out of the DeFi Alliance. happy to cast a summary of my investment memo if of interest. the (rough) thinking at the time was owning a piece of onchain ycombinator. https://alliance.xyz/

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@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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Many smart founders were working on DAOs last bull market and a huge part of it may have just been backing those people over even the DAOs itself. Maybe some investors even thought the ideas weren’t good initially but the DAO would shape into something that clicked eventually

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Christian Montoya 🦊

Don’t forget FWB and BitDAO

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Side note, DAOs are the worst fit for venture capital funds unless significant hands-on effort comes with it

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@diskrancher.eth

thought the future of work was decentralized teams

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yehoshzl pfp

I was curious about this as well last cycle, after a few private convos, seemed that: • not enough understood how collectives work and the mngmt drawbacks • Narrative FOMO: a lot of influential posts (DAO of DAOs by Packy Mckormick, A16Z etc) • Genuine belief that DAOs could be fast moving orgs with big upside

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