decentralized komorebi collective launches to back female and nonbinary crypto founders
The Rise of Investment DAOs and Komorebi Collective
Decentralized currencies have experienced significant growth recently, leading to increased interest in DAOs, or Decentralized Autonomous Organizations. These organizations offer a method for investors to pool capital and make investment decisions through collective voting.
A New DAO Focused on Diversity
Reflecting the principles of blockchain technology, DAOs strive to enhance transparency in investment processes. Komorebi Collective, a newly launched DAO, is dedicated to investing exclusively in ventures led by “exceptional female and nonbinary crypto founders,” as stated by founding member Manasi Vora to TechCrunch.
Core Team and Membership Structure
The DAO’s core team is primarily composed of individuals from the crypto nonprofit she256 and Women in Blockchain. Key members include Manasi Vora, Eva Wu, Kristie Huang, Medha Kothari, and Kinjal Shah, who will be responsible for identifying and presenting investment opportunities.
Members who committed a minimum of $5,000 USD were hand-selected and will have a less intensive involvement in the day-to-day operations.
Collective Voting and Decision-Making
Investment decisions will be determined by a vote from all 36 key signers of the collective, with a majority being female. This ensures broad participation in the selection process.
The Benefits of a DAO Structure
“DAOs democratize the venture fund model by guaranteeing a voice for all participants,” explains Kinjal Shah, who is also an investor at Blockchain Capital. “We prioritize backers who are genuinely aligned with our mission.”
Notable DAO Members
Komorebi Collective’s membership includes prominent firms such as Kleiner Perkins, Mechanism Capital, Dragonfly Capital, IDEO CoLab Ventures, and Stacks Accelerator. Additionally, individuals from companies like Twitter, Coinbase, Skynet Labs, Celo Labs, and Gitcoin are involved.
Built on Syndicate Protocol
The organization’s infrastructure is based on the Syndicate Protocol, a project supported by some of Komorebi Collective’s backers.
Addressing Diversity in Crypto Funding
The group aims to demonstrate the viability of the DAO model while promoting diversity within the cryptocurrency industry. A Harvard Business Review study revealed that women-led startups received only 2.3% of venture capital funding in 2020.
“Significant opportunities exist to increase funding for female founders, and I am committed to contributing to this change,” Shah stated to TechCrunch.
This initiative seeks to rectify the existing imbalance and foster a more inclusive investment landscape.