And that allows them to operate whatever business they are doing in a decentralized way with a fair chance of coming up with ideas." Talking about how DAO is a great way to create a platform and environment of collective and fair decision-making, Badrinath Mutkule, Founder & CEO, Kointrack shares, "We should not look at DAOs with an investment perspective, we should look at DAOs where a group of people, no matter big or small, come together and make decisions with DAOs. When VCs enter, there is absolutely no decentralization that's going to happen because there is a principal-agent interest now." While Vadassery thinks that DAO is suitable for early-stage ventures, Oswal thinks otherwise, "When the companies are really young, they need a lot of centralization. In this type of DAO, raising funds through tokens is a very good approach, but not for more than $50,000," Vadassery adds. You'll have a runway of six months and three founders you can build anything. One does not need more than that in pre-seed. I think most of the companies in India can be started with $25,000. "It is a very good approach for an early-stage company.
Rather, they just buy the token and chill. Recalling the time when Permissionless raised funds through DAO, he shares why it shouldn't be the ideal choice since he realized that nobody was interested in making decisions. Roshan Vadassery, Founder, Permissionless, believes that DAO fundraising is not for everyone.
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