What is a DAO?
A DAO (Decentralized Autonomous Organization) is a group of people with no central management that coordinate over the internet around a shared set of rules to achieve a common mission.
A more accurate definition would be:
A DAO is an internet-native entity with no central management which is regulated by a set of automatically enforceable rules on a public blockchain, and whose goal is to take on a life of its own and incentivize people to achieve a shared common mission.
Find out more about DAOs at aragon.org/dao.