# 🚀 Startup #9: Otterspace

**Published by:** [Ali Shaikha](https://paragraph.com/@alishaikha/)
**Published on:** 2022-04-27
**URL:** https://paragraph.com/@alishaikha/startup-9-otterspace

## Content

Segment: DAOs / Business Model: B2B / Stage: Seed https://www.otterspace.xyz/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-founderCatriona Emily Furlong - Co-founderRahul Rumalla - Co-founderTraction:Funding: In the process of raising a $4M seed roundProduct: Currently in waitlist mode, seem to have the bare bones product readyPositive Signals:Team: Solid team with Rahul (engineering) and Catriona (product) at SoundCloud. Ben is an investor and on the board on many startupsTraction: 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 pointMarket: DAOs are still so early, there is a lot more room to grow and adoption to occur - big long term potentialRisks:Funding: Will investors see there to be a big enough opportunity (right now), DAOs are still early - are they willing to wait it outTraction: 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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