Economic Empowerment DAOs on Syndicate

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June 24th, 2021

In the last few weeks, the newest Syndicate DAOs launched on our platform—Komorebi Collective and Audacity—a decentralized automated organization (DAO) empowering communities to invest in underrepresented founders.

Komorebi Collective launched last month to invest in female and non-binary founders and is backed by Dragonfly, IDEO CoLab Ventures, Kleiner Perkins, Mechanism Capital, and more.

Audacity is a DAO focused on investing in Black and African crypto founders globally, run by Erikan Obotetukudo, and backed by Electric Capital, IDEO CoLab Ventures, Meltem Demirors, Cuy Sheffield, Jalak Jobanputra, and many more.

Economic empowerment DAOs are just the fourth of many applications (Community DAOs, Ecosystem Funds, NFT Funds) for Syndicate that are rolling out now and in the weeks ahead.

Economically Empowering Underrepresented Communities

Investing is a powerful tool that shapes what gets built in the world, by whom, for whom. However, investing—like many of today’s societal systems—often overlooks underrepresented communities that deserve the capital, resources, and support they need to participate in the development and economic prosperity of new industries and technologies like crypto.

But what if underrepresented communities and their allies could more easily organize human and financial capital to invest in projects and people that mattered to them and the diverse world we live in? What if by investing more capital into underrepresented communities, we could dramatically accelerate progress in diversity, inclusion, and equity globally?

We believe that this is the future: underrepresented communities and their allies will be able to more easily coordinate human and financial capital to invest in building the world we all live in—and in the process, economically empower their communities in ways that today’s societal systems are failing to do at scale.

And all of this will be enabled at scale across the internet by DAOs.

Seeking Mission-Driven Investors

We’re pioneering state-of-the-art Decentralized Finance (DeFi), DAO, and cryptosocial technologies at Syndicate, and we’re applying them to democratize investing and bring radical new models for investing to the world that are fundamentally more open, free, and fair.

If you’re an mission-driven investor who wants to back underrepresented founders and communities, reach out to us, as we’re working with a diverse network of pioneers to reshape our world, for all.

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