# kaal:claim:3949098-038

**Claim.** The key difference from the traditional venture capital model is that the DAOIC only makes its investment choices public and never provides investment analysis, so public co purchases are entirely voluntary.

**Type.** definitional  **Support.** argued

**Holds when.**

- public co purchases alongside DAOIC deals

**Source quote.**

> The key difference from the traditional VC model is that even for the co-purchases through the market, the DAOIC only makes their investment choices public. The co-purchases by the public are entirely voluntary, the DAOIC never provides investment analysis etc.

**From.** Wulf A. Kaal, *Reputation as Capital – How DAOs Upgrade Finance* (2021), IV. Policy Considerations, 4. Decentralized Coordination, page 31

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

**Verify.** sha256 of source PDF `04297905564a6092b2db7640561f58fd374d3114c79527357bad09d11b909819` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Reputation%20as%20Capital%20%E2%80%93%20How%20DAOs%20Upgrade%20Finance.pdf

**Topics.** innovation, disclosure

**Keywords.** venture-capital, disclosure, investment-advice, co-investment, daoic

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