# Capital allocation

`kaal:entity:capital-allocation`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `capital-allocation`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

4 claims across 4 works, 2017 to 2024.

**2017**

- [3067615-015](https://wulfkaal.github.io/claims/3067615-015) [predictive/argued] -- The trend of ICO issuance exceeding venture capital financing can be expected to continue, because ICOs allocate capital more efficiently and at lower cost.
  > This trend can be expected to continue given the superior allocation of capital at lower cost via ICOs.35
  Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

**2019**

- [3409548-008](https://wulfkaal.github.io/claims/3409548-008) [mechanism/argued] -- 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.
  > In the Numerai model, the use of artificial intelligence increases efficiency and optimum capital allocation by reducing overhead costs.
  Kaal, Financial Technology and Hedge Funds (2019). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3409548

**2021**

- [3962614-022](https://wulfkaal.github.io/claims/3962614-022) [definitional/asserted] -- The novelty of reputation as capital lies in the decentralized and democratized capital allocation functionality enabled by the DAO design.
  > The novelty of "Reputation as Capital" lies in the decentralized and democratized capital allocation functionality enabled by the DAO design.
  Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614

**2024**

- [4685567-005](https://wulfkaal.github.io/claims/4685567-005) [mechanism/argued] *(failure mode)* -- 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.
  > 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.
  Wulf A. Kaal, Impact Investing Innovation - From Impact 1.0 to 3.0 (2024). SSRN: https://ssrn.com/abstract=4685567

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/capital-allocation.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.