REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market

26 Pages Posted: 14 Nov 2021

See all articles by Wulf A. Kaal

Wulf A. Kaal

University of St. Thomas - School of Law (Minnesota)

Date Written: November 13, 2021

Abstract

Venture capital (VC) models can be optimized with emerging decentralized technology. After discussing the shortcomings of the existing VC market and the rise of alternative early-round funding mechanisms, the paper highlights the evolution of VC businesses that are operated by a Decentralized Autonomous Organization (DAO).

Keywords: Venture Capital, Decentralized Autonomous Organization, Reputation, Decentralized Governance, Capital, Venture Funding, Finance, Token Models, Cryptocurrencies, Feedback Effects, Emerging Technology, Tokens, Blockchain, Distributed Ledger Technology

JEL Classification: K20, K23, K32, L43, L5, O31, O3

Suggested Citation

Kaal, Wulf A., REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market (November 13, 2021). Available at SSRN: https://ssrn.com/abstract=3962614 or http://dx.doi.org/10.2139/ssrn.3962614

Wulf A. Kaal (Contact Author)

University of St. Thomas - School of Law (Minnesota) ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States

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