{"id":420494,"date":"2022-03-23T16:00:00","date_gmt":"2022-03-23T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/former-polychain-gp-unveils-125m-crypto-fund-with-dao-governance-ambitions\/"},"modified":"2022-03-23T16:00:00","modified_gmt":"2022-03-23T13:00:00","slug":"former-polychain-gp-unveils-125m-crypto-fund-with-dao-governance-ambitions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/former-polychain-gp-unveils-125m-crypto-fund-with-dao-governance-ambitions\/","title":{"rendered":"# Former Polychain GP unveils $125M crypto fund with DAO governance ambitions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e0042b231c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e0042b231c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/former-polychain-gp-unveils-125m-crypto-fund-with-dao-governance-ambitions\/#%E2%80%9D_Former_Polychain_GP_unveils_125M_crypto_fund_with_DAO_governance_ambitions_%E2%80%9C\" >&#8221; Former Polychain GP unveils $125M crypto fund with DAO governance ambitions  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Former_Polychain_GP_unveils_125M_crypto_fund_with_DAO_governance_ambitions_%E2%80%9C\"><\/span>&#8221; Former Polychain GP unveils $125M crypto fund with DAO governance ambitions  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjNlOTQxMTAtODRlMy00NTIzLWI1MTMtNGU2NzZhNWM5YzAyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Former Polychain Capital <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way for startup leaders to be rewarded for their contributions.\u00a0<\/p>\n<p>The $125 million fund, known simply as \u201cdao5,\u201d will invest in blockchain and cryptocurrency projects in their pre-seed and seed stages. In the startup world, a pre-seed round usually helps company founders get their operations running. The seed stage is the first official equity funding round. <\/p>\n<p>The fund will invest primarily in projects specializing in layer-1 blockchain infrastructure, privacy <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, decentralized finance (DeFi), DAOs, gaming, nonfungible tokens and crypto-oriented <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> platforms. <\/p>\n<p>Unlike traditional venture capital funds where company owners simply receive direct funding from venture capitalists, dao5 will give recipients a grant of governance tokens that will comprise the fund\u2019s future DAO. Employees and advisers of dao5 will also receive governance tokens.<\/p>\n<p>The fund is expected to begin its formal transition into a DAO \u2014 and hence achieve an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ropriate level of decentralization \u2014 sometime around 2025. <\/p>\n<p>By pursuing a DAO governance structure, dao5 is attempting to provide project founders with a certain degree of risk diversification as all the grant recipients will have exposure to all other projects in the portfolio. The company says this will incentivize founders to collaborate and maximize their chances of success. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Will 2022 be the year of DeFi and DAO? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Huobi_Research?ref_src=twsrc%5Etfw\">@Huobi_Research<\/a> projects a big year for both, but it is much less bullish on Bitcoin. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wdeECLiS2J\">https:\/\/t.co\/wdeECLiS2J<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1484692320800985089?ref_src=twsrc%5Etfw\">January 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n\u201cThe goal of dao5 is to explore a new model to bootstrapping a DAO by focusing first on talent and capital acquisition through venture investing, and second on growing the treasury value through leveraging the collective talent of the dao5 community,\u201d said founder Tekin Salimi. <\/p>\n<p>Salimi served as a general partner to Polychain Capital \u2014 one of crypto\u2019s biggest venture funds \u2014 for over four years. His term at the company ended in February.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Legal DAOs: Why is the Marshall Islands betting on a decentralized future?<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">DAOs have multiplied in the last two years empowered by the potential to move the world through democracy. But are they a feasible alternative to the traditional governance models?<br \/>(Via <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CointelegraphZN?ref_src=twsrc%5Etfw\">@CointelegraphZN<\/a>)<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/w0vdIh0c9n\">https:\/\/t.co\/w0vdIh0c9n<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1499652114401959937?ref_src=twsrc%5Etfw\">March 4, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Proponents of decentralized autonomous organizations view this mode of governance as a major innovation in how organizations and systems should run. A DAO\u2019s mandate could apply to all sorts of governance schemes where the principal-agent problem exists. As Cointelegraph reported, the Republic of the Marshall Islands has taken a bold step in normalizing decentralized corporate governance by officially recognizing DAOs as legal entities. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/former-polychain-gp-unveils-125m-crypto-fund-with-dao-governance-ambitions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Former Polychain GP unveils $125M crypto fund with DAO governance ambitions &#8220; Former Polychain Capital general partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way for startup leaders to be rewarded for their contributions.\u00a0 The $125 million&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjNlOTQxMTAtODRlMy00NTIzLWI1MTMtNGU2NzZhNWM5YzAyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75186,75719,117,71745],"class_list":["post-420494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dao","tag-funding","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=420494"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420495"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}