Segment: DAOs / Business Model: B2B / Stage: Seed
Purpose: Making DAO onboarding simpler
Problem: Working for a DAO can be intimidating, contributors have a hard time understanding where to start, what to know and how to truly add value
Solution: Offering a set of tools for DAOs to get contibutors up to speed and integrated quickly. The tools are similar to Web2 so the leap is “natural”
Team:
Ben Dobbrick - Co-founder
Catriona Emily Furlong - Co-founder
Rahul Rumalla - Co-founder
Traction:
Funding: In the process of raising a $4M seed round
Product: Currently in waitlist mode, seem to have the bare bones product ready
Positive Signals:
Team: Solid team with Rahul (engineering) and Catriona (product) at SoundCloud. Ben is an investor and on the board on many startups
Traction: Website visitors and Twitter followers are exponentially increasing (seems to be gearing up to launch)
Problem: DAOs are still complicated and onboarding is a genuine pain point
Market: DAOs are still so early, there is a lot more room to grow and adoption to occur - big long term potential
Risks:
Funding: Will investors see there to be a big enough opportunity (right now), DAOs are still early - are they willing to wait it out
Traction: No real information if they are working with any DAOs currently and how they are getting paid - interested to see what the revenue model looks like