This is a proposal for the formation of a special-purpose vehicle (SPV) to serve as a bridge for strategic contributors.

Motivation

Forming a special-purpose vehicle (SPV) should serve as a bridge for strategic contributors, e.g. institutional actors like pharmaceutical companies and funds, to participate in VitaDAO through control of VITA allocated to the SPV pursuant to VDP-11.

Specification

The SPV would be a Swiss Association formed with the assistance of expert Swiss counsel. The SPV would hold VITA, allowing for the SPV’s shareholders to vote on VDPs. Members/shareholders of the SPV should not be required to vote as a single bloc, but rather be empowered to vote with their pro rata portions of the VITA held by the SPV.

Implementation

The formation would be managed by the Legal Working Group using budget surplus from the Legal Working Group’s budget allocation pursuant to VDP-3.

This should be a subject of lively discussion related to the principles of DeSci, radical inclusion, and the mission and vision of VitaDAO. Please find your voice, share your opinion, and engage in dialectic.

For more information, please see [the phase 2 proposal and discussion on Discourse.(https://gov.vitadao.com/t/vdp-24-vitadao-spv-for-strategic-contributors/517).