Green Team
💚 Green Team Overview
To ensure the DAO can operate at all times, the Green Team will be made up of 4-5 members of the DAO, supported by the Aera Force DAO Teams. The Green Team will be stewarded by the DAO's operations lead, who will work full-time on DAO operations, including coordination between teams, dealflow, and investors.
All Green Team meetings will be recorded, and made public to the DAO (unless there is confidential information being discussed.) At a meeting of the Greenteam three outcomes may be possible:
- 🟢 Green light: Indicates a strong conviction from the Green Team. Sends the deal, recommended investment size, and relevant diligence documents to LPs for a final vote.
- 🟠 Amber light: Strong merit to consider the opportunity but further diligence or certain unknowns need to be addressed or timing may be too early.
- 🔴 Red light: weak conviction and propose to pass on the opportunity.
💪 Purpose of the Green Team
In the early stages of the DAO, we anticipate community engagement to ebb and flow. To ensure that we can efficiently deploy capital, the Green Team will manage deal flow and make investment recommendations to the LPs.
At any point, an LP can initiate a vote to bypass the Green Team. For example, if a deal is 🔴 Red Lit by the Green Team, an LP can call a vote to invest anyways and provide information as to why.
ℹ️ Further Notes:
Passing on deals:
- If a startup is rejected after pre-screen or full diligence, the startup’s champion and the diligence leader will work together to respectfully pass on this round.
- Notifications that we wish to pass on a round should come after each deal review meeting to obfuscate whether the representative, diligence lead, or investment committee made that decision.
- One person will be assigned to inform the founders as soon as practical to ensure respect for founders time and interest
Confidentiality notes:
- The investment committee and diligence lead will have a private communications channel to discuss companies during assessment
- A startup’s champion and the diligence contributor must sign NDAs when they contribute to pre-screens or diligence.
- The IC will watermark the diligence materials when sending them to the community vote. To prevent any reputational harm from leaks, all opinions within the document will come from the collective team.
- Investors of the appropriate tiers who wish to see more detailed materials may sign NDAs if appropriate or required