The basic VC DAO model mixes fungible cryptocurrency investment with minted non fungible reputation, and this duality prevents the full benefits that are generated when non fungible reputation is staked alone on deals.
Source quote, verbatim
Rather, the VC DAO GP invests both fungible cryptocurrency from a pool as well as non-fungible and minted reputation on the portfolio companies. This duality does not allow for the full benefits that are generated if non-fungible reputation is staked alone on the deals.
From
Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021), V.1. Basic Model, p. 17 https://ssrn.com/abstract=3962614 · source PDF
Cite as
Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614
Holds when
early phase VC DAO models that combine capital and reputation staking
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