> For the complete documentation index, see [llms.txt](https://docs.kommdao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kommdao.com/komm-dao-structure/dao-framework.md).

# DAO Framework

First-generation venture DAOs, such as The LAO and Meta Cartel Ventures, operate as Investment Clubs or Syndicates under the U.S. securities law. The maximum membership limit of 99 and strict accreditation requirements for U.S. investors make it challenging to expand their communities. To build a scalable and powerful K-ommunity, Komm DAO utilizes the Origami Framework, a second-generation DAO+ Venture Fund model.

The Origami Framework separates the DAO and the Venture Fund by establishing a partner fund outside of the DAO. The Fund handles fundraising, contracts, and investment decisions, while the DAO focuses on deal sharing, due diligence, and growth support. Similar to traditional VC funds, the Fund charges management fees and carry fees, which are used to reward General Partners and DAO members based on their efforts and contributions. GPs make the final investment decisions for quick investment decisions, while DAO members vote on the use of DAO treasury funds. This model has several advantages:

* Swift decision-making process
* Ability to raise external funds through GPs
* Compensation for DAO members based on their contributions
* No limit on the number of DAO member
* No need to be an accredited investor to participate


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