Recently, 42DAO Capital officially announced its establishment. 42DAO aims to become the leading venture capital firm dedicated to digital asset and blockchain investments. 42DAO Capital is incorporated in the Cayman Islands and set up its financial structure and audit rules backed by a compliance management system. 42DAO will gradually move to a DAO governance method.
About 42DAO
The core team of 42DAO comes from RedBlock Capital. And from the start, 42DAO has come with a rigorous management system and sound risk control mechanism. With all these advantages, 42DAO is devoted to becoming a liaison between traditional capital and blockchain technology.
42DAO has completed its first fundraise of nearly 10 million USD. All of its team members hail from well-known investment banks and the Shuimu Financial Technology Fund founded by Tsinghua University alumni.
It is worth mentioning that Gao Chao, a highly regarded PR expert based in Toronto, was invited to become the PR consultant for 42DAO Fund. Gao Chao was the CEO of a well-known Canadian media company. Before immigrating to Canada, Gao Chao worked for famous multinational companies such as Amazon and Uber. He is also the first PR director for Uber China. Terry Hilsberg, a famous Australian angel investor, was invited to become the investment advisor. Terry used to be the Chief Information Officer for the Australian Federal Government and is an angel investor in Cochlear, a cochlear manufacturer in Australia. He has more than 30 years of investment experience in the Asia Pacific. 42DAO will invite more experts from different industries to come onboard as advisers in the future.
The fund has an investment portfolio that includes Black Ocean, Dfinity, PlatON, Dora Factory, etc.
Why 42?
42 is 101010 in binary.
“The answer to the ultimate question of life, the universe and everything is 42”
- Hitchhiker’s Guide to the Galaxy
42 in I Ching, the Chinese divination book, carries the meaning of “augmentation”, symbolizing a constant state of change.
Why DAO?
DAO (Distributed Autonomous Organization) is a type of organizational structure based on the blockchain.
“We recognize the need to establish a shared organization in order to realize its intrinsic value. Hence, we have decided to DAO-ify our fund. A great organization needs to transcend the boundaries of capital in order to expand, both materially and otherwise”. Said Jeremy Zhou, the first contributor of 42DAO.
42DAO’s Investment Thesis
42DAO is a multi-strategy investment fund focusing on token and equity investments. The investment team consists of venture capital veterans, researchers, and trading professionals based in the US, Australia and China. It invests across the entire blockchain stack with a special focus on DeFi and Web 3.0 infrastructure. 42DAO and its General Partners have invested in leading projects including Dora Factory, Black Ocean, PlatON and Dfinity.
