Announcing Our $1 Billion Raise & Ideas We Are Looking to Fund
“5 Key Trends in the Web3 Economy
We believe five key trends are emerging:
- DAOs will empower global communities to allocate resources to initiatives large and small.
- NFTs will form the asset layer for Web3 and the bedrock for new types of financial instruments.
- Decentralized Finance will democratize access to financial products around the world.
- Decentralized Infrastructure will allow engineers to build the next generation of applications without a central point of failure or control.
- Accessible user experiences will onboard millions of users to Web3.”
“Specific ideas we want to fund:
- Merit-based systems to onboard new members — DAOs will become organizations that attract talent on par with the best companies. Many people join DAOs through a token purchase, but this cannot ensure that the most talented or most prolific contributors join. We want to fund mechanisms that allow more people to onboard onto DAOs based on merit.
- Governance aggregators — People have trouble tracking and prioritizing new proposals, especially across multiple DAOs. We want to fund platforms that aggregate and surface proposals in a way that allows members to participate more easily.
- Mechanisms to improve distributed decision-making — Today many decisions are made by those with the greatest number of tokens. We need mechanisms to not only increase the number of participants, the level of engagement, but the ability to solicit engagement from the right people.
- DAO discovery platforms — The rate of DAO creation is growing exponentially. The largest DAOs control a treasury of billions in value, give out grants, and employ large teams. In contrast, the smallest DAOs can be a small group who have pooled resources to purchase an NFT. We need platforms that allow more users to discover and explore DAOs that fit their needs and interests.
- Recruiting platforms — DAOs need the ability to tap into talent networks and expertise. Platforms like Rabbithole enable users to start earning credentials that DAOs can use to verify talent, just as we use diplomas and certifications to ascertain expertise and experience. We are looking to fund different projects throughout the recruiting pipeline that can help DAOs identify and recruit the best talent.