Last week there was a press release you might easily have missed. A Distributed Autonomous Organization (DAO) called OrangeDAO is cooperating with a small seed venture fund called Press Start Capital to establish the OrangeDAO X Press Start Cap Fellowship Program for new Web3 entrepreneurs. Successful applicants get $25,000 each plus 10 weeks of structured mentorship plus continued access to the more than 1200-member OrangeDAO network. In exchange, OrangeDAO and Press Start get to invest in the resulting companies, if any, produced by the class.  Big deal, it’s Y Combinator Junior, right? Wrong. It’s Y Combinator on steroids.   This second-generation YC has been released in the wild where it will replicate and grow unconstrained. Expect to see more deals like this one. A Distributed Autonomous Organization […]

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