Wulf Kaal – Professor, Book Author, Consultant

Interview on DAOs in Irish Tech News

August 1, 2022

Link to Interview:

World Economic Forum 2022 – Speaking Engagements

May 17, 2022

Wulf Kaal is again heading to Davos for the World Economic Forum on May 22-26. Itinerary: Zug, Switzerland all day on May 20th. Then it’s off to Davos, staying in nearby Klosters from May 21st to May 25th. Wulf will be speaking at several events listed below. Wulf’s WEF schedule is constantly changing and new […]

DAO Governance & Future of the Firm – Interview with Robert Tercek

May 16, 2022

Thank you Robert Tercek for a wonderful interview. Here is Robert’s take: “Decentralized Autonomous Organizations (DAOs) are a fascinating aspect of crypto innovation. To me, the DAO concept is one of the most creative new business ideas of the decade. A DAO is a non-hierarchical alternative to a corporation: no CEO, no C-Suite, no investors […]

DAO FALLACIES

March 27, 2022

Abstract DAO myths are a natural by-product of technological evolution. The paper debunks the top five DAO myths and explores the top five DAO benefits and use cases. Keywords: Decentralized Autonomous Organization, Digital Assets, Valuation, Blockchain, Myth, Uses, Distributed Ledger Technology, Emerging Technology JEL Classification: K20, K23, K32, L43, L5, O31 Suggested Citation: Kaal, Wulf A., DAO […]

DIGITAL ASSET VALUATION

February 13, 2022

Wulf A. Kaal University of St. Thomas, Minnesota – School of Law Samuel Evans PriceWaterhouseCoopers LLP Hayley Howe affiliation not provided to SSRN Date Written: February 13, 2022 Abstract Existing valuation metrics for legacy assets only limitedly apply in the context of digital assets. The valuation infrastructure in the current legal, accounting, technology, and back-office […]

Securities Versus Utility Tokens

January 31, 2022

Abstract The nomenclature for the term “securities token” is unclear and the term securities token has not been defined. The lack of a clearly delineated nomenclature resulted in various uses and interpretations of the term securities token, especially vis-à-vis the term “utility token.” This article helps clarify the nomenclature by first defining the general characteristics […]

FAIR TOKEN LAUNCH

January 23, 2022

Abstract Fair Token Launches (Fair Launch) on average outperform most traditional digital asset projects. The comparative advantage of Fair Launches derives largely from their ability to remedy many of the perceived inequitable token launch practices of traditional digital asset projects. This article helps clarify the nomenclature by examining the commonalities of projects that use the […]

How DAOs Optimize Open-Source Code Reviews and Create Open-Source Standards

January 6, 2022

The paper examines the existing shortcomings in the open-source code review process and how decentralized autonomous organizations can help optimize the code review process and quality. Optimized code reviews and code review processes, in turn, can help create open-source software standards. The author evaluates the issuance of decentralized code reviews that are verified through a […]

How DAOs Optimize Charitable Giving

December 9, 2021

Charitable giving in legacy systems is subject to several major downsides that can be addressed with decentralized autonomous organizations (DAOs). Centralized legacy charitable organization often lack foundational transparency and are subject to significant power imbalances that favor the donor and lead to centralization of the charity. Existing legal incentives often lead to so-called Zombie Charities […]

REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market

November 13, 2021

Venture capital (VC) models can be optimized with emerging decentralized technology. After discussing the shortcomings of the existing VC market and the rise of alternative early-round funding mechanisms, the paper highlights the evolution of VC businesses that are operated by a Decentralized Autonomous Organization (DAO).

Keywords: Venture Capital, Decentralized Autonomous Organization, Reputation, Decentralized Governance, Capital, Venture Funding, Finance, Token Models, Cryptocurrencies, Feedback Effects, Emerging Technology, Tokens, Blockchain, Distributed Ledger Technology

JEL Classification: K20, K23, K32, L43, L5, O31, O3

Suggested Citation: Kaal, Wulf A., REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market (November 13, 2021). Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3962614