DAO is a horrible idea. Average VC returns over the long run, have been very underwhelming. The only way to win in VC land is to pick* the best VCs. *some ma

DAO is a horrible idea. Average VC returns over the long run, have been very underwhelming. The only way to win in VC land is to pick* the best VCs. *some may argue it's just as challenging to pick winning investment managers as it is to picking winning investments. My personal opinion is it's pretty easy to avoid those totally inept, but even after to doing so, is your basket of returns any better (higher and less volatile) than an SP500 index fund?