The LAO
The LAO was organized in the spirit of The DAO, as a member-directed venture capital fund organized in the United States, with an aim to be compliant with U.S. law. Like The DAO, The LAO allows Members to pool capital, invest in projects, and share in any proceeds from the investment. Launched in late April 2020, the LAO has backed over 30 projects across the Ethereum and blockchain ecosystem. Unless modified by the members, funding will be provided to projects in the form of the cryptocurrency Ether under terms outlined in these FAQs.
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