Daos Are The New Crypto Investing Trend. Here's What Vcs Need To Know.

by businessinsider.com posted 1month ago 9 views
Summary List PlacementWhen crypto startup Multis started fundraising, the team followed a typical Silicon Valley playbook: They went through the Y Combinator program in 2019 and raised most of their seed funding from major VCs. But then the startup, which creates crypto financial services for businesses, turned to decentralized autonomous organizations, or DAOs for funding. Cofounder Thibaut Sahaghian was shocked that they closed the round so quickly. That's because DAOs, after hearing a pitch, can make decisions in hours and wire the money shortly thereafter.

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