Buying a token on MetaDAO gives investors a say over how the raised money is spent. Most launchpads step away once the sale closes and leave spending to the team's discretion. MetaDAO keeps the raised capital in a project treasury and pays the team a fixed monthly budget. Larger spending, new token issuance and any follow-on raise all have to win approval in a decision market where traders price whether the proposal will add value. Founders can reserve up to half the initial token supply for themselves. Those tokens only unlock once early buyers are well in profit. Teams that price the sale high push that point further away. Venture capital is increasingly concentrated in a few sectors and a handful of very large deals, leaving many small teams without an obvious place to raise. Keeping the money under investor control makes those teams much easier to back. The next step is bringing more quality founders onto the platform.