kaal:claim:3962614-029

Reputation as venture capital must be distinguished from the capital replacement enabled in decentralized underwriting, because in venture capital reputation needs to fill the role of capital for each funded venture deal rather than only when a claim is filed.

reputation in venture capital needs to fill the role of capital for each funded venture deal.

Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021), V. Model Evolution, p. 16
https://ssrn.com/abstract=3962614 · source PDF

Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614

• comparison of decentralized underwriting and venture capital DAOs

conditionsupport: argueddecentralizationdefireputation

• supersedes kaal:claim:3949098-040 Replacing capital with reputation increases liquidity because reputation takes over part of the role of capita...
• specializes kaal:claim:3949098-004 Kaal stipulates the core proposition of reputation as capital: once meaningful decentralized reputation is est...

The quote above is an exact substring of the source PDF, whose sha256 is c6e202e77fd08db801f932774026458b94e5d103abf30cb1189fe6a1c5edf391. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/e0637f1811b34afd...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3962614-029.md | sha256sum