Thank you Robert Tercek for a wonderful interview. Here is Robert’s take:
“Decentralized Autonomous Organizations (DAOs) are a fascinating aspect of crypto innovation. To me, the DAO concept is one of the most creative new business ideas of the decade. A DAO is a non-hierarchical alternative to a corporation: no CEO, no C-Suite, no investors with special rights and preferences, and no Board of Directors. DAOs are bottoms-up communities owned by the workers who self-organize around tasks. Some wags call them “a chat room with a bank account.” DAOs are growing incredibly fast. From zero in 2015, there are now about 50,000 and by year end there will be 100,000 DAOs. They are placeless (residing in the cloud), leaderless (in terms of no C-suite) and often anonymous collectives.
Wulf Kaal 