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.
Source quote, verbatim
reputation in venture capital needs to fill the role of capital for each funded venture deal.
From
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
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Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614
Holds when
comparison of decentralized underwriting and venture capital DAOs
supersedeskaal:claim:3949098-040 Replacing capital with reputation increases liquidity because reputation takes over part of the role of capita...
specializeskaal:claim:3949098-004 Kaal stipulates the core proposition of reputation as capital: once meaningful decentralized reputation is est...
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