Definition
DAO (Decentralized Autonomous Organization)
A governance structure in which decisions are made collectively by members using transparent, typically blockchain-based voting mechanisms. Mike advocates for DAOs as the infrastructure for hyper-local charitable giving (his Donaton concept): communities vote on their biggest local problems, and funding is algorithmically allocated based on scoring rather than centralized NGO decision-making. The argument: global NGOs are good at raising money but bad at finding who needs it most; local communities can vote on that with far greater precision.
From the episode “Why Your Great Idea Is Quietly Killing Your Startup”Hear it on the podcast1 episode
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