Orange DAO, a gaggle of over 1,000 Y Combinator alumni that backs Web3 startups, raises $80M, primarily from strategic traders Algorand and Close to (Anita Ramaswamy/TechCrunch)

Anita Ramaswamy / TechCrunch:
Orange DAO, a gaggle of over 1,000 Y Combinator alumni that backs Web3 startups, raises $80M, primarily from strategic traders Algorand and Close to  —  Teams of individuals looking for to take a position collectively have been turning to the crypto-native DAO (decentralized autonomous group) construction for a collective decision-making framework.