A ‘Legal Wrapper’ for DAOs Could Democratize Venture Capital


A limited liability autonomous organization (LAO) is the next chapter of capital formation, Aaron Wright and Priyanka Desai of OpenLaw explain.

Sign up to join the next CoinDesk Live on Thursday, April 23 at 4 p.m. eastern time, as we dig into the legal battle for QuadrigaCX users with Magdalena Gronowska, QuadrigaCX Bankruptcy Board of Inspectors and a Committee Member of the Official Committee of Affected Users, hosted by CoinDesk editors Zack Seward and Nikhilesh De.

It’s tough out there for a blockchain startup trying to raise money. 

Not only has interest in crypto and blockchain projects tapered off over the past year or so of declining coin prices, but traditional venture capital has pivoted to focus on funding businesses that in some way overlap with the new normal of lockdowns, remote work and public health crises.  

But the blockchain space has proved itself innovative as it relates to sussing out hidden capital. (Remember the ICO boom? Doesn’t that feel like a decade ago?)

In this episode, CoinDesk business editor Zack Seward speaks with Aaron Wright and Priyanka Desai of OpenLaw, a company that plans to launch a for-profit DAO next week. What does that even mean? Digging into the structure of this new limited liability autonomous organization, dubbed The LAO, is just one of the topics in this week’s episode. 

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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