The DAO of accrue
A new, automated investment fund has attracted stacks of digital money
IT SOUNDS like a cult, but it wants to be a venture-capital fund of sorts. As The Economist went to press, the DAO (short for decentralised autonomous organisation) had already raised the equivalent of nearly $150m to invest in startups. This, say its fans, makes it the biggest crowdfunding effort ever.
This article appeared in the Finance & economics section of the print edition under the headline “The DAO of accrue”
From the May 21st 2016 edition
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