# 🚀 Startup #9: Otterspace

By [Ali Shaikha](https://paragraph.com/@alishaikha) · 2022-04-27

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**Segment:** DAOs / **Business Model**: B2B / **Stage**: Seed

[https://www.otterspace.xyz/](https://www.otterspace.xyz/)

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**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](https://www.linkedin.com/in/bendobbrick/) - Co-founder
    
*   [Catriona Emily Furlong](https://www.linkedin.com/in/catriona-furlong/) - Co-founder
    
*   [Rahul Rumalla](https://www.linkedin.com/in/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

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*Originally published on [Ali Shaikha](https://paragraph.com/@alishaikha/startup-9-otterspace)*