Orange DAO, a group of over 1,000 Y Combinator alumni that backs Web3 startups, raises $80M, mainly from strategic investors Algorand and Near (Anita Ramaswamy/TechCrunch)

Anita Ramaswamy / TechCrunch:

Orange DAO, a group of over 1,000 Y Combinator alumni that backs Web3 startups, raises $80M, mainly from strategic investors Algorand and Near  —  Groups of people seeking to invest together have been turning to the crypto-native DAO (decentralized autonomous organization) structure for a collective decision-making framework.