{
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 "@type": "DefinedTerm",
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 "identifier": "kaal:entity:capital-allocation",
 "name": "Capital allocation",
 "termCode": "capital-allocation",
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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   "name": "status",
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   "value": 4
  },
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   "value": [
    "2017",
    "2024"
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3067615-015",
   "identifier": "kaal:claim:3067615-015",
   "text": "The trend of ICO issuance exceeding venture capital financing can be expected to continue, because ICOs allocate capital more efficiently and at lower cost.",
   "abstract": "This trend can be expected to continue given the superior allocation of capital at lower cost via ICOs.35",
   "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
   "datePublished": "2017",
   "claim_type": "predictive",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "crypto start-up financing after the second quarter of 2017"
   ],
   "source_pdf_sha256": "164ce15b9eb1e8847ebcb073f5b23a96b4974ad0308d77469a9455d4a1ebeb38",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3409548-008",
   "identifier": "kaal:claim:3409548-008",
   "text": "In the Numerai model, using artificial intelligence to synthesize competing data scientist models into a meta model raises efficiency and improves capital allocation by reducing overhead costs.",
   "abstract": "In the Numerai model, the use of artificial intelligence increases efficiency and optimum capital allocation by reducing overhead costs.",
   "citation": "Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548",
   "datePublished": "2019",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "crowdsourced data science model with a synthesized meta model"
   ],
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   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3962614-022",
   "identifier": "kaal:claim:3962614-022",
   "text": "The novelty of reputation as capital lies in the decentralized and democratized capital allocation functionality enabled by the DAO design.",
   "abstract": "The novelty of \"Reputation as Capital\" lies in the decentralized and democratized capital allocation functionality enabled by the DAO design.",
   "citation": "Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614",
   "datePublished": "2021",
   "claim_type": "definitional",
   "confidence": "asserted",
   "is_failure_mode": false,
   "scope_conditions": [
    "a VC DAO built on reputation tokens"
   ],
   "source_pdf_sha256": "c6e202e77fd08db801f932774026458b94e5d103abf30cb1189fe6a1c5edf391",
   "status": "current"
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  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/4685567-005",
   "identifier": "kaal:claim:4685567-005",
   "text": "Impact 3.0 shortens the lag between donors taking their tax deductions and the donated funds actually reaching impact projects, which is a capital allocation timing failure of Impact 1.0 and 2.0.",
   "abstract": "Impact 3.0 improves on Impact 1.0 and 2.0 capital allocation timeframes, lowering the time between donors receiving their tax deductions and deploying the donated funds to the impact projects.",
   "citation": "Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567",
   "datePublished": "2024",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "donors receiving tax deductions in advance of deployment"
   ],
   "source_pdf_sha256": "87fb1be89d2661967ed2b0b673fe26448ded3bc3119b122177a4fc13ae5c085c",
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  }
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 "description": "4 claims in the published works of Wulf A. Kaal carry the concept tag 'capital-allocation'. Derived node: a roster, not an adjudicated definition."
}