How about a DAO for pre-seed fundraising for Cosmos ecosystem?

I think the ecosystem needs to put more financial resources to help projects to kickstart. This is particularly important as various ecosystems are competing for great projects. How about we make a DAO as a decentralized pre-seed VC to invest in early-stage Cosmos ecosystem projects (hubs or zones)? We should also invite institutions like ICF, AiB, Polychain to put some seed money ($atom) in that as well. This DAO is like a Community Pool with the sole purpose to provide pre-seed funding. A) Fund size of this DAO: • 100 projects x 15,000 Atom on average (first check) • 20 projects to receive 1st follow-on investment x 75,000 Atom on average • 4 projects can receive 2nd follow-on investment x 250,000 Atom on average Total: 1,500,000 + 1,500,000 + 1,000,000 = 4,000,000 Atom which is only about 1.55% of the total supply of Atom. If 2 of the final 4 project hit a home run (+700%), The fund can break-even and reinvest in new projects. B) Basic eligibility: The projects should be completely open-source, have native tokens and are built with Cosmos SDK and Tendermint. C) Benefits of this idea: • Assuming average team size is 3, this fund can help 300 builders…

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I like this idea a lot and would contribute. Would the DAO be on Aragon first or wait till ibc is out and use cosmos?