Ethereum Disrupt Venture Capital With Coinbase-backed DAODAO

Today, the fundraising process for founders is highly centralized, with a handful of elite venture capitalists controlling who gets funded and who doesn’t.

In addition, founders must typically wait ten years or more for their company to “go public” and become traded on a liquid exchange.

But that could soon change as blockchains like DeSo enable founders to raise money from millions of Bitcoin, Ethereum, and Solana users with just the click of a button.

A new app called DAODAO is launching today at the forefront of this disruptive trend. Built on the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, DAODAO allows any Bitcoin, Ethereum, or Solana user to invest in promising founders before they go to pitch venture capitalists.

For founders, setting up a fundraiser on DAODAO is as easy as creating a social media account. Funds are automatically converted to USD, and founders can cash out seamlessly to USDC anytime.

However, the most interesting component of DAODAO is that founders can give contributors a liquid token with their purchase, which can immediately trade on DeSo’s decentralized on-chain gas-less order-book exchange.

Such a breakthrough raises the question of whether the traditional fundraising model of waiting ten years fo