The Seed Club’s venture arm is looking to help early-stage startups that focus on blockchain technology. The fund, which is currently without a name, will provide startup companies with $250,000 in seed funding as well as mentorship and support from the Seed Club’s network of industry veterans.
The Seed Club Venture team is made up of a group of individuals who are passionate about building platforms that promote creativity and collaboration. The accelerator portion of the club provides support and resources to help startup builders cultivate successful communities. Additionally, the venture arm will provide financial assistance to ambitious builders who want to create unique and transformative platforms.
Since the third quarter of 2021, a venture arm called; The Venture Arm has been investing in several companies such as Guild, Stability AI, Lens and Metalabel. It boasts 63 members which include crypto-focused venture capital firms like Multicoin Capital, Delphi Digital and Dragonfly Capital as well as individual investors from the crypto community. Their aim is to bring innovation to the cryptocurrency market through backing projects that help development and growth.
The Seed Club Ventures team is dedicated to providing the communities surrounding blockchain and cryptocurrencies with resources and support in order to responsibly manage their own finances. NiMa Asghari believes that now is the right time for this, as the technology and its associated opportunities have begun to gain widespread appeal. Through Seed Club Ventures, members will be able to access a variety of financial products, as well as experienced staff who can provide guidance and assistance in navigating these new waters.
The capital today is investing in DAOs and open communities as a way to build infrastructure, applications and tooling that will make it easier for people to work together without relying on centralized organizations. With checks ranging from $100,000 to $1 million, this is an exciting new area of investment that could have a big impact on the future of collaboration.
The rise of DAOs has created a new method for governing organizations. Participants are able to make operational decisions without having to rely on centralized leadership, often through the use of tokens. This is particularly useful in industries where regulation can be difficult, like the cryptocurrency industry.
There is no doubt that DAOs have had a lot of hype in the past two years, but it seems that popularity (or hype) around them has since slowed down. While a number of prominent ones still exist within the crypto community, they are not really reaching mass mainstream adoption. This could be because there are some inherent concerns with DAOs – such as whether they can be trusted or if their governance structures are secure. It will likely take something extraordinary for DAO popularity to pick back up again, although we may see more experiments with this type of governance in the future.
Asghari argues that we currently have too many DAO tools, which could someday lead to a governance failure. He believes that the cycle of boom and bust will continue to occur and that companies will build too many DAO tools in an attempt to take advantage of the hype. However, he does not believe this will last for long because there is an overshoot in what is needed.
Embedding the Salesforce platform into DAOs will not only increase efficiency and allow for a more cohesive working ecosystem, but it will also open up new possibilities for collaboration and open-source development. This novel approach to collaborating promotes a more decentralized and democratic system, which is something that many in the DAO space are striving for.
The company is looking to back founders building DAOs and “internet-native organizations” in crypto as well as other categories like artificial intelligence, art and music. This is likely in an effort to get more exposure for these types of projects within the blockchain space.
Internet-native organizations, as we call them, are a new step in the evolution of human coordination. They are mobile, agile, and interconnected and can quickly respond to changes in the environment. They rely on online tools and platforms to carry out their work, making them less reliant on traditional organizations such as companies or governments. Internet-native organizations have the potential to transform many aspects of our lives and society, perhaps most importantly our way of working collectively.