About Sequoia Capital on Twitter: help dissatisfied people create DAOs! Tips for Airdrop Token

Silicon Valley venture capital firm Sequoia Capital (Sequoia Capital) made the following change to its Twitter profile yesterday (8th): "Let's move forward together (Let's go, LFG)."

原文: We help courageous people build legendary businesses, from ideas to IPOs and beyond.

更新: We dare to help create DAO legends, from ideas to symbolic drops.

Significant changes can be seen in the >> buidl, Company >> DAO and IPO >> token airdrops design. He actively contributes to the creation of a complete cryptocurrency ecosystem instead of owning one.

This latest change is enough to ensure that the company has the courage to compete and innovate. We are constantly looking for DAOs that could become new businesses and new products in the future.

Since the start of this year, Sequoia Capital has joined FTX Funding Round B, a DeSo financial decentralized community blockchain ... "Data" also previously reported that approximately the third part of Sequoia Capital's investments this year have been associated with the cryptocurrency market. .

What is DAO?

DAO (Decentralized Autonomous Organization) Chinese translation is a decentralized autonomous organization, an organization developed on the basis of blockchain technology. DAOs do not have a central authority, but rather write the rules of the organization into tasks that are accomplished by smart contracts and administered by organizations.

One of the strongest aspects of DAOs is their ability to solve delegation and delegation issues. In other words, investors submit the rules of the company to the management company to provide the maximum benefit to the investors, but as the main power. , can lead to corruption.

In DAOs, participants benefit from the form of people who can work towards a common goal and reduce the potential for corruption.

Abandon the traditional economic model and create a Sequoia fund

Based on past data, Sequoia Capital announced in a statement last October that our economy was affected by the tight 10-year financial cycle created in the 1970s. As chips get smaller and software moves to the cloud, venture capital always works like a disk.

Therefore, it was decided to revise the investment model in the United States and Europe and to create the Red Shirt Fund (The Sequoia Fund). The fund will be raised by a small number of partners and then transferred to other small schools, closing schools. Funds, used to capitalize on investing at all levels, from inception to initial public offering (IPO).

Regarding the good of these funds, Sequoia Capital said: The return on investment from these investments was returned to the Sequoia fund through regular advice and non-material investments. Sequoia's sole mission is to create long-term profitability for Sequoia companies and a small number of partners.

As Sequoia Capital points out: This new model removes all restrictions on how long we can work with companies and allows us to serve on our board of directors, helping them recognize their potential for many years to come and go. invest with us for a long time. The time spent in the legendary company will be the symbol of Sequoia.

Sequoia Capital also announced that it will become a Global Investment Specialist (RIA) and maintain Sequoia's position to support investments from a variety of financial markets, including financial institutions, secondary copy or IPOs. stock Exchange. Current assets include cryptocurrencies, reframing schemes, etc.