DAC stands for decentralized autonomous company. It's a company because it IS for profit. Profit is the incentive that makes us different from all other 2.0 technologies out there. If something doesn't produce a profit (ie: value) then it can't thrive and grow. The only thing that can grow without prodcing added value is government. So are we a technical "company"? No, but that's the closest metaphor we have to describe a DAC, and thus BitShares.