The Decentralized Autonomous Organization (DAO) has raised over $130 million on Ethereum and still might fail

The DAO is the latest Decentralized, Autonomous Organization to make major waves as they raised over $100 million worth of ETH tokens (12% of all ETH). The question remains, is it a good idea to invest in The DAO and have they learned anything from those who have gone before?

In this article I will talk about the experience gained from BitShares, not to promote BitShares as superior, but to highlight the hard lessons that can be learned from BitShares’ failures and how they might apply to The DAO.

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Negative News of the DAO

• MIT TECHNOLOGY REVIEW - The “Autonomous Corporation” Called the DAO Is Not a Good Way to Spend $130 Million

• NEWSBTC - The DAO May Not Succeed Despite Crowdsale Success

• COINDESK - Public Opinion Split As The DAO Rakes in Ethereum Funding

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Positive News of the DAO

• CITY A.M. - Introducing the DAO: The organisation that will kill corporations

• NEWSBTC - Ethereum DAO Crowdsale, the Most Successful Crowdfunding Campaign

• COINDESK - The DAO: Or How A Leaderless Ethereum-Based Organization Raised $50 Million

• TECHCRUNCH - The Tao of “The DAO” or: How the autonomous corporation is already here