Meta Cartel Ventures
MetaCartel Ventures (Venture DAO) is a for-profit DAO created by the MetaCartel community for the purposes of making investments into early-stage Decentralized Applications (DApps). It embodies a community-oriented membership structure and offers radical flexibility in participation in a manner that is unparalleled by traditional “venture capital fund” models.
Our investments are directed our DAO members (Mages): they will be the ones sourcing, conducting due diligence, proposing, and voting on investments. The admission of new members into the DAO is permissioned and member-curated; while the ability to exit the DAO is completely permissionless, allowing exiting members to receive their full pro rata share of the DAO’s assets at any time.
Our DAO is made up of a code and law pairing; with our business LLC entity being tightly coupled with its smart contracts and token technology deployed on the Ethereum main-net. The technology half will consist of an instance of the Moloch v2 smart contract standard and the legal half consisting a member-managed Delaware limited liability company governed primarily by the Grimoire (the “Limited Liability Company Agreement”) and the statutes of the Delaware Limited Liability Company Act.