This short briefing note is prepared for founders who are considering, or are in the process of raising seed capital. The last few weeks have seen a significant shift in terms of the fundraising atmosphere, and investors’ appetite for risk.

As Web3 emerges, DAOs will become the de facto organisational structure; digital and global with broad-based governance. An organisational structure fit to support trusted peer-to-peer interactions.

Web3 is a social movement. As computing and software become cheaper, faster and easier, activism and political statements can be expressed in code. A lot of people don't trust authorities, so instead of demonstrating they are creating technology. Technology, in this case, is a political act. 

So, as people come to trust institutions less and peers more; the pitch could be: trust people, not Big Tech. Or trust people, not companies. Blockchains are a part of a much bigger social movement, the changing nature of trust.

Analysis of global startup hubs has revealed that London may be one of the most preferred hubs for blockchain start-ups to headquarter themselves. 

The logical extension of "Thick Clients, Thin Servers" is non-existent servers. Go full peer-to-peer.