In the few days between this episodes interview and the recording of this introduction, the DAO has raised over ten million dollars, bringing its total cash reserves to twenty three million. Such investor enthusiasm is unprecedented in the cryptocurrency world. But is such enthusiasm justified? What is the DAO anyway? Where does Slockit fit into the picture? Will the investor control of the DAO result in overly optimistic capital management? Do these investors realize the highly speculative nature, and general poor performance of venture capital investment? Stephan Tual fields these questions and more. Please guys, this is not investment advice.