The DAO close to $100m in funding. Soon to be the largest crowdfunding ever

I went to their website, read a few pages of the content, and I still have no idea what is this and why they're close to $100MM funding.

Ok, I have read the page at https://daohub.org/ and I still don't know what "the DAO" is?

Is it a blockchain-centred crowdfunding platform?

Anyone who can explain what this is, much appreciated. Judging from comments here I'm far from the only one without a clue despite reading the page.

This is a good example of a completely useless web page. What is a DAO? Why should I care? Who is running this? Is this a for-profit enterprise? A non-profit? An NGO? A performance art collective?

> The DAO’s Mission: To blaze a new path in business organization for the betterment of its members, existing simultaneously nowhere and everywhere and operating solely with the steadfast iron will of unstoppable code.

This is meaningless to me. It means nothing.

When I see web pages like this, I wonder how people can waste money on web pages like this. All style, zero substance.

This could be "social experiment" by a bunch of pot smoking college students in a dorm somewhere, for all it speaks to me.

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