DAO as an alternative to traditional venture funds: a comparative analysis

The article presents a comparative analysis of decentralized autonomous organizations (DAOs) and traditional venture funds (VC) in the context of venture financing of startups in the digital economy by key parameters: management structure, transparency, accessibility, liquidity, transaction costs, speed of decision-making, scalability. The paper uses methods of comparative analysis, case studies, and an overview of open sources, including data from the DeepDAO, Dune Analytics, and GitHub platforms. DAOs have significant potential to transform the investment market due to high transparency, democracy, reduction of barriers to entry and automation of processes through smart contracts. At the same time, limitations related to regulatory uncertainty, technical vulnerabilities, and the risk of concentration of power among large token holders have been identified.