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A DAO is a great idea, and together with blockchain technologies and digital currencies, it will completely change the internet’s governance structure in the coming years, making it more open to users. DAOs will affect not only the governance of internet services but also e-money, payments, and investments. The first step is for you and your partners to choose the type of organization. There are several common types of investment DAOs: friends/family DAO, mutual fund and syndicate DAO.