THE LAO

US-compliant, member-run venture fund with on-chain governance and workflows
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Skip the guesswork of informal syndicates. THE LAO gives accredited participants a clear, US‑aligned path to pool funds, evaluate startups, and act together. Getting started is straightforward: apply for membership, complete identity and accreditation checks, review the operating documents, and e‑sign. Once accepted, you commit capital through the app and receive governance rights tied to your membership units. Your dashboard shows commitments, available voting power, deal pipeline, and official records so you can move from signup to your first vote without chasing spreadsheets or email threads.

When you want to champion an investment, open a proposal in the app. Add the project summary, requested amount, key terms, and timeline. Share diligence notes and link supporting materials so other members can review efficiently. Set a voting window and, if your operating agreement requires it, minimum approval or quorum thresholds. Members vote on‑chain; results are final at close. If approved, the smart contracts coordinate the movement of funds consistent with the rules, while the legal entity captures the transaction for compliance. You can track portfolio positions, schedule follow‑ups, and post updates that ping all participants in one place.

Founders can use THE LAO as a direct line to aligned backers. Submit your materials via the intake flow, including deck, product links, and milestones. A sponsoring member can convert your submission into a formal proposal, bringing it to a vote with transparent timelines and criteria. If the group says yes, the team coordinates closing steps through the app, aligning the on‑chain execution with the necessary paperwork. Founders receive a single, organized counterpart while still gaining access to a network of engaged members for intros and ongoing support.

Day to day, operations are designed for predictability. Treasury actions (capital calls, top‑ups within limits set by the agreement) happen through the interface with on‑chain confirmation and an auditable trail. Distributions from exits or token unlocks flow to members according to recorded allocations, with transaction proofs available in your activity feed. You can export data for accounting, download official notices and reports, and reference the agreement at any time. Role‑based permissions keep sensitive actions limited to authorized parties, while member discussions and votes remain discoverable for future audits. Everything from proposing a deal to receiving proceeds follows the same repeatable path: prepare, review, vote, execute, record.

Review summary

Features

  • Permissioned onboarding with identity and accreditation checks
  • Member-managed proposals with structured templates and timelines
  • On-chain voting and execution tied to the fund’s operating rules
  • Portfolio tracking with updates, notes, and document storage
  • Treasury tools for capital commitments, calls, and audits
  • Automated, rules-based distributions and receipt generation
  • Role-based access control and immutable activity history
  • Integrated compliance alignment with a Delaware LLC wrapper

How It’s Used

  • An angel joins, commits capital, reviews pipeline, and casts votes on new deals
  • A member leads a proposal, shares diligence, and moves an approval to execution
  • A founder submits a pitch, gains sponsorship, and completes a streamlined close
  • A treasurer runs a capital call, confirms on-chain receipts, and exports records
  • Members track token unlocks and initiate pro‑rata follow‑ons via standardized workflows
  • Operators distribute proceeds post‑exit with automatic allocations and reporting

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