MetaDAO has surged in popularity on the back of a horrid backdrop for token markets. Built-in token holder rights, control over the treasury, the lack of instant gratification for the team, and fair launch optics are working in MetaDAO’s favor.

On the flipside, “VC coins” have largely pursued similar playbooks (CEX listings, inflated valuations, no follow through on value accrual) that have resulted in significant value destruction for believers who invested at or around TGE.

But MetaDAO isn’t perfect. It has its kinks, and it still suffers from the broader issue of mercenary capital in crypto. The reality of ICOs is that they are still prone to adverse selection. Startups don’t want to be at the beck and call of a large group of stakeholders from day one. 

High quality teams with strong networks and genuine product vision can raise venture capital, which gives them significantly