Design: Why HybridDAO?

Not all accelerators are the same, especially in the crypto world. Since our industry is still in early stages and we are constantly working on disruptive technologies, it’s hard for traditional incubators and accelerators to properly assist newborn projects. Our first big decision was to understand if we were supposed to be an IncubatorDAO or AcceleratorDAO. We steered towards the custom HybridDAO, an innovation tool that uses the best of both worlds.

Incubators are normally designed to assist companies for a longer period and provide basic services for a low cost, giving the founder a better chance to survive. Incubators focus on giving assistance when required, most of the time on a tactical level. Accelerators, on the other hand, are more geared towards boosting an early-stage venture into the wild, normally providing intense mentorship and heavy influence on the decision making process. In exchange, they receive a share of the new company. Hybrid means you can lie between these two. We can provide support as needed, or as we like to say “service on-demand”, but we can also accept proposals for investing resources in a new project in exchange for part of the company shares or revenues.

The reason we call ourselves a ‘custom HybridDAO’ is because we not only can act as both Incubator and Accelerator, but we can also customize a proposal in accordance with the best practices in crypto. For example, we can provide a service in exchange of $tokens and whitelist all members of the DAO in a future token sales or NFT sales. Or we can work with grant providers to assist granted projects with a set of services that will standardize all projects to speak the same language as the grant provider.