Segment: DAO / Business Model: B2B / Stage: Seed
Purpose: Replacing LLCs with DAOs in Emerging Markets. Insted of making your next company an LLC, make it a DAO.
Problem: Setting up a DAO is complicated, requiring multiple steps and navigating through an expereince that isn't intutitive
Solution: Allows you to set up a DAO within 90 seconds, by managing all the admin (mainly legal and governance) and simplifying the process
Team:
Sean Ang: Founder of Success Alliance Enrichment an education org
Geoffrey See: Chief Strategy Officer and founding term for Ziliqa and founded an exchange that exited to Binance
Van Tran: Previously led Marketing and Growth Strategy @ Netflix in SEA and Australia
Traction:
Part of YC W22
Raised a undisclosed amount post YC in March 2022, from Amasia, ADB Ventures, Goodwater, Soma Capital, Global Founders Capital, 500 Global and Y Combinator
Currently in what seems a closed-beta, with a waiting list that you can join
Positive Signals:
Solving a real problem: Crypto overall still has a lot way to go to have an intutive user experience
Strong team: Previously have been founders/executives with valuable experience under thier belts
DAOs are sexy! They are super on-trend
Risks:
The main existential thread is that DAOs as a concept don't fully take off (I'm betting they do)
