The Otonomist - April 2023 Issue
In this April issue of The Otonomist, we give a preview of our first external fundraise set to commence on the last day of May, when we’re freeing up equity in Otonomos for our clients and community to invest in on favorable terms. We also talk about a timely new onchain entity on OtoCo with the launch of its blockchain-native Swiss Association.
Dare to go where nobody else goes!
Countdown to 31 May: We’re freeing up equity in Otonomos to let our users and community purchase shares online, on favorable terms, and in crypto
As you’d probably expect from us, we wanted to go about our first external capital raise in a different way:
1. Clients and community get first dibs
First, we wanted to give our clients and community first dibs by offering them early access to our raise on the most favorable terms.
2. Fully online
Second, we built our own funding platform so investors can complete the process entirely online, from registration to legal documents to subscription payments.
3. Fully compliant
Third, to comply with securities laws as they stand, we’re limiting our offering to existing clients and pre-existing contacts of Otonomos who self-accredit online.
4. Fully transparent
No side letters, no favoritism, no backroom deals: for approved users, our online platform shows the status of the fundraise in realtime and gives full transparency on deal terms and cap table.
5. Fully tokenized equity payable in crypto
We’re tokenizing our equity by giving investors mirror tokens that map their rights to traditional legal round documents.
And one more thing: in addition to fiat, all subscriptions can be paid for in crypto.
Thanks for carrying us!
You as an early user carried Otonomos as crypto’s homegrown company assembler and corporate service provider.
That’s why we decided to give you a genuine carry in our growth and eventual exit, an upside that too often is only available to professional investors and Venture Capital.
In doing so, we hope we can beat a path towards user-owned companies and develop the online tools for others to do the same.
> Pre-register now to unlock the best terms when we open our round at 9 a.m. Pacific Time on Wednesday 31 May 2023.
The Swiss Foundation is dead. Long live the Swiss Association - now onchain on OtoCo!
OtoCo is very happy to introduce the blockchain-native Swiss Association, its first onchain limited liability entity outside of the U.S.
For only US$99 equivalent in ETH (+ transaction fees), you can now instantly summon and activate an association in the Canton of Zug and manage it fully onchain on OtoCo.
You get a timestamped NFT as its cryptographic birth certificate and a downloadable PDF which gives your onchain entity a realverse legal anchor.
With this new onchain limited liability entity, OtoCo provides the Web3 community with an extra legal lego outside the United States, at a time when many crypto teams are considering setting up shop abroad.
In this post, we first look at the characteristics of a Swiss association and its potential as the umbrella for decentralized projects and DAOs.
We then contrast the Swiss association with the Swiss foundation.
Finally, we guide users through the simple association creation process on OtoCo.
> Test drive an association on testnet now or connect with a mainnet wallet to summon your blockchain-native Swiss association on OtoCo today!
Should I Stay or Should I Go if I am in Web3 in the U.S.?
Stranger things are happening in crypto in the U.S.: operation Shutcoin or just regulatory inertia, recent developments are rather inexplicable.
Should you stay our should you go if you're a US-based Web3 entrepreneur or investor? Where is good to put a hedge in place or buidl from?
Just ask us and other users of Otonomos via our official Intel Swap channel on Telegram or book a FREE 30 mins initial call if you want to examine your options for building from outside the U.S.
Next month’s issue of The Otonomist will be entirely dedicated to the Otonomos online fundraise, with full details on deal terms and structure, funding stages and pricing, and a step-by-step guide how to invest. In your inbox on Wednesday 31 May.