Venture DAOs and VCs: Why they’re not at odds

More: Swiggy invests in a bike-taxi firm, and Coins.ph has a new CEO. [Read from your browser]( Daily Newsletter Hello {NAME} In 2021, “non-fungible tokens” (NFTs) first entered my vocabulary. As 2022 gets well underway and interest in Web3 services rises, I’ve learned a new term: “decentralized autonomous organization” (DAO). According to Wikipedia, DAOs are “organizations represented by rules encoded as a computer program that is transparent, controlled by the organization members, and not influenced by a central government.” DAOs have certainly been under the spotlight in recent months. Venture DAOs - where investment decisions and assets are managed by all members of the organization instead of just by a small team of professionals - are popping up, and they could change the way venture funding works in the road ahead. -- Stefanie   ---------------------------------------------------------------  THE BIG STORY [Venture DAOs and VCs: a match made in heaven]( As venture DAOs iron out their problems, a hybrid approach may be the best solution.  --------------------------------------------------------------- TRENDING NEWS [Sequoia announces steps to tackle ‘willful fraud’]( The development comes as allegations against its portfolio firms, including Zilingo and BharatPe, crop up. [Ant Group to become majority shareholder in 2C2P]( Merchants in 2C2P’s network will be connected with Alipay+, extending the former’s payment options to include more e-wallets and local payment methods. [Exclusive: Y Combinator leads $2.1m round of Indian fintech firm]( Koshex helps users manage their finances by providing services like budgeting, expense tracking, and customized investments. [Indonesian cloud kitchen firm served $22m to fuel expansion]( Hangry currently has more than 70 outlets in Indonesia and sells one million portions of products per month. [Philippine BNPL firm gets $20m debt facility from Lendable]( BillEase offers BNPL options for purchases worth up to US$766 and is an accepted payment method in 700 merchants. [Coins.ph names ex-Binance CFO as new chief exec]( The development comes after a Wei Zhou-led consortium and buyout fund Joffre Capital acquired Coins.ph from Gojek. ---------------------------------------------------------------  EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - [Climate Tech Networking Hour]( on April 20th This April 20, join us as we connect with like-minded professionals from Tesla, CDP, Unravel Carbon, Cariuma and more to exchange insights and spark ideas over a casual networking session at our in-person Climate Tech Networking Hour. Limited seats available, [RSVP now]( - *Event* [[Virtual Event] Is crypto climate friendly?]( on April 26th On April 26, join us as Donovan Choy, crypto and blockchain writer, and Max Song, founder of Carbonbase, discuss and debunk myths on crypto’s relation to climate change. [RSVP now](.  ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Head of People & Culture]( at Youtap Indonesia Jakarta, Indonesia - [HR Manager]( at Innovation Factory Jakarta, Indonesia - [Program Director, TIA School]( at Tech in Asia Singapore, Singapore - [Lead Developer]( at Sribu Jakarta, Indonesia - [QA Engineer (Software Development Engineer in Test)]( at Qasir Indonesia Bulk Terminal, Indonesia - [People and Culture Lead]( at AVANA Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. You can also break our hearts and remove yourself from all Tech in Asia emails over [here](  ---------------------------------------------------------------  Copyright © 2022 Tech in Asia, All rights reserved. 63 Robinson Road, Singapore 068894