TechFlow News — Kelvin Koh, co-founder and partner at Spartan Capital, stated in a retweet, "I've now stopped investing in DAOs. More and more founders are using this structure to avoid legal liability and accountability while still being involved."
In the original tweet he shared, Hasu, Strategy Lead at Flashbots, said he is slowly but surely convincing himself that DAOs are not investable until significant changes occur—such as separation between owners and managers, accountability to shareholders, clear mandates to maximize shareholder value, and regulatory clarity.
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