Signalclout #46: DAO5 & Haun Ventures
The money continues to pour into the space and some wild experiments
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Welcome to the 46th issue of the Signalclout newsletter.
Every week more capital seems to make its way into the web3 and crypto ecosystem. This week we had a former a16z partner announce a massive $1.5b fund targeting the sector and another Polychain GP announcing fund with a peculiar structure called DAO5.
The first one caught the attention of everyone as it was one of the largest solo operator raises. The second one didn't get as much press, but it piqued my interest as I have been delving very deep into the DAO space and have some exciting news coming up in Q2 of the year.
We spoke about how Bessemer Venture Partners launched a DAO under their name a few weeks ago. A trend is starting to form, and FlamingoDAO has already shown that such structures could be very successful.
In this issue, I will explore the investment DAOs in greater detail and peel some of the layers in the DAO5 announcement.
🏗️ Launching a Decentralized Fund
DAO5, which has raised $125m, plans to become a DAO by 2025. I think the legalities