# kaal:claim:3962614-029

**Claim.** 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.

**Type.** condition  **Support.** argued

**Holds when.**

- comparison of decentralized underwriting and venture capital DAOs

**Source quote.**

> 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, page 16

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

**Verify.** sha256 of source PDF `c6e202e77fd08db801f932774026458b94e5d103abf30cb1189fe6a1c5edf391` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20REPUTATION%20AS%20CAPITAL%20%E2%80%93%20How%20Decentralized%20Autonomous%20Organizations%20Address%20Shortcomings%20in%20the%20Ventu.pdf

**Topics.** decentralization, defi, reputation

**Keywords.** decentralized-underwriting, reputation-as-capital, capital-replacement, model-comparison

**Related claims.**

- supersedes: https://wulfkaal.github.io/claims/3949098-040
- specializes: https://wulfkaal.github.io/claims/3949098-004

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.