# kaal:claim:3962614-031

**Claim.** Because of significant path dependencies in the capital formation and capital allocation processes of existing venture capital models, the ideal typical reputation based capital allocation model is less likely to be created in the short term.

**Type.** predictive  **Support.** argued

**Holds when.**

- short term adoption horizon

**Source quote.**

> because of significant path dependencies in the capital formation and capital allocation process with existing venture capital models, the above illustrated ideal-typical reputation-based capital allocation model in Figure 1 is less likely to be created in the short term.

**From.** Wulf A. Kaal, *REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu* (2021), V.2. Hybrid VC Model with Traditional Legal Structure, page 18

**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.** institutional-design

**Keywords.** path-dependency, adoption, hybrid-model, experimentation

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