A Distributed Autonomous Organization (DAO) called OrangeDAO is cooperating with a small seed venture fund called Press Start Capital to establish the OrangeDAO X Press Start Cap Fellowship Program for new Web3 entrepreneurs. OrangeDAO seems to have big plans and to make those plans happen in August the DAO, itself, raised $80 million in venture capital, with their first use of that capital being these Fellowships. I think this will change forever venture capital and the world economy. It represents a new stage in the evolution of venture capital. In many senses it is the democratization of VC. It’s no surprise that OrangeDAO comes from Y Combinator alumni. YC, itself, disrupted the VC model and this Fellowship continues that disruption.