In this conversation with Pri Desai, we go into more detail on The LAO. The LAO is a For-Profit, Limited Liability Autonomous Organization. A smart contract-based investment club. Sound interesting?
In early 2020, the LAO opened and quickly raised over $5M to fund blockchain startups based on its community members' votes. The LAO has since made a number of investments and seems to be off to a great start. The new version of Venture Capital? We'll see. We dive into all things the LAO, the history of "The DAO" and why this investment vehicle might be worth investigating further for investors interested in blockchain startups.
Enjoy this conversation with Pri Desai.
🎙 New Podcast Episode
Show Notes
0:00:00 Welcome and context
0:04:17 What is OpenLaw?
0:07:26 Why did somebody like OpenLaw decided to start the LAO?
0:10:45 What DAO stands for?
0:13:50 Investing through the wisdom of the crowd
0:17:21 The current state of LAO
0:20:34 LAO voting and decision-making process
0:25:37 Rage quitting in democratic investing
0:27:33 How do potential investors think through the LAO timeline and strategy?
0:29:51 Can investors make a decision to invest outside of crypto?
0:34:39 What is the elevator pitch to attract new investors?
0:37:41 What was the biggest surprise in running LAO for the past 4 months?
0:41:56 What was the biggest hurdle for you so far?
0:45:35 What investable projects are you looking for?
0:48:47 Where can people find out more about you?
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