Seed Club Ventures, a decentralized autonomous organization (DAO)-focused accelerator program, has emerged from stealth mode with a $25 million fund to invest in the development of DAOs and open communities. The venture arm has already been quietly investing since Q3 2021, and has backed several projects such as Guild, Stability AI, Lens, and Metalabel. The club consists of 63 members, including crypto venture capital firms like Delphi Digital, Multicoin Capital, and Dragonfly Capital, family offices, traditional venture capitalists, corporations, and individuals in the crypto space.
The team plans to invest in infrastructure, applications, and tooling for DAOs and open communities with checks ranging from $100,000 to $1 million. The fund's capital will be deployed over the next couple of years in pre-seed and seed stage projects. The team hopes to back founders building "internet-native organizations" in various categories like artificial intelligence, art, and music, in addition to crypto.
Seed Club Ventures aims to be an example of communities having ownership and a source of funding. The team believes that DAOs are the next step in the evolution of human coordination, as these groups are collectively owned by communities and allow participants to make operational decisions without centralized leadership, often through token-powered governance. While DAOs gained significant momentum in the crypto space over the past two years, the hype around them has since slowed down. However, Seed Club Ventures believes that the current moment is the right time for the internet and crypto for communities to have ownership.
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