Startup Funding Espresso – Benefits of DAOs for Fundraising

Benefits of DAOs for Fundraising

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

DAOs or Distributed Autonomous Organizations can be used for startup fundraising. 

Traditional ICO fundraises were susceptible to scams as they were controlled by a small number of people who made decisions on their own.

DAOs bring many benefits to fundraising as follows:

DAOs are controlled by all the members and not just a handful of people.

All funds are stored with the DAO.

DAOs deploy the funds based on the votes of its members.

This removes the scams that were prevalent with ICOs.

The members can choose to continue funding a startup project or not.

This motivates the startup team to achieve their promised milestones.

DAOs bring additional benefits such as transparency as all transactions are stored on the blockchain and made accessible to the members.

DAOs make the project available to fund by everyone as anyone can join as a member.

DAOs  can also bring a network of suppliers, vendors, customers, and other stakeholders to support the startup.

DAOs provide a major improvement to the startup fundraising process over traditional fundraising models.

Consider using a DAO for your next fundraise. 

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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