DAOs

“The coordination around governance and voting mechanisms Has been collapsed to almost nothing when you're using these digital environments with provable ownership.”

“When you talk to founders, many times they prefer to take capital from DAOs as opposed to traditional venture firms.”

“So if anything, I would say the biggest challenges around DAOs today are not that People are absconding with the money, but in fact that the money is not being spent quickly enough.”

“And in some ways, governance and human involvement is almost a bug. It's not a feature. You want these systems and networks to stand on their own two feet, almost as public utilities.”

“I suspect that 98, 99% plus of the blockchain applications, the DAOs that exist today, are not going to be around long term.”

“So because of that uncertainty, I think DAOs probably trade at lower multiples than companies, at least in the near term.”

“It's just terribly inefficient to have any doubt, like zoom in and make these microscopic decisions about who to hire or like an individual person's salary or stuff like that. It's just crazy to me. Instead, they need to allocate to basically an entrepreneur, …”