we kind of always knew this, most VCs and founders admitted it if they felt it was a safe space
DAOs are poison to centralized rentseeking and most money is made via some form of centralized rentseeking

_gabrielShapir0
@lex_node
02-20
once the Gensler era ended & there was no longer a regulatory distortion to the market for governance structures, we had the opportunity for revealed preference
founders and VCs revealed they don't prefer DAOs governing the social/offchain aspects of their projects
this is in x.com/mdudas/status/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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