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Think of it as venture-capital firm Andreessen Horowitz, but with Marc Andreessen and Ben Horowitz replaced by the wisdom of the crowd.

How wise is the crowd? They gave almost $2 million to Solar Freakin Roadways. That's how wise.

EDIT: How about Twitch plays venture capital?

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It is concerning how defensive some supporters of the DAO get when the wisdom of the crowd is questioned in this context. IMO vote by majority is the biggest issue with the DAO.

Has anyone come across a DAO where the voting power lies with the board of directors?

How would that be different from a traditional VC-funded company?

That wouldn't be a _Decentralized_ _Autonomous_ Organization... short DAO...

It might be nice if votes could be weighted by some sort of basic competence test.

The basic competence test here is, do you have money and can you figure out how to convert it to DOA tokens.

Kickstarter has shown that the former isn't a good filter. Perhaps the latter?

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