The DAO: How to not fuck it up.

Jack, Kevin Rose’s approach to investing — I only invest in companies that I love and use myself — might be the most efficient and successful when applied to the collective. In this model, each DAO stakeholder/investor is also a user and source of market validation; and the homogeneity of the group can be turned on its head to become an advantage and source of expertise on its collective wants and problems. If each stakeholder is also an LOI — and there are tens of thousands of LOIs for any successful proposal — the success of the endeavor probably has a much higher chance of success (and a more efficient path to success) than spray and pray. Great article.

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