kaal:claim:3949098-015

Only one in one hundred token opportunities returns a large multiple such as 100x, 30x or 10x, which Kaal lists as a core risk factor for running a DAO investment club.

Source quote, verbatim

Only 1 in 100 of token opportunities returns 100x, 30x, 10x

From

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021), II. Basic Concept, 3. Risk Optimization, p. 10
https://ssrn.com/abstract=3949098 · source PDF

Cite as

Wulf A. Kaal, Reputation as Capital – How DAOs Upgrade Finance (2021). SSRN: https://ssrn.com/abstract=3949098

Holds when

early stage digital asset investing

Classification

empiricalsupport: assertedrisk-and-incentives

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