The first two full time employees of the DLC were From and Will Marshall, who went on to found the Progressive Policy Institute (aka, "the place for pragmatic liberals", LOL The website actually used to say that. I don't think it does anymore.).
From was supposedly the head. However, there was certainly always a group of Conservadems in Congress, though Hillary and Bill were obviously not then among them.
Whether From approached the founding members or they hired him, or it was more organic, we'll probably never know for certain. In any event, officially, it was supposedly From's brainchild and his baby.
Hillary was a founding member (only female, that I know of), along with Bill, Lieberman, Gore and some others); and she was the member who traveled with From to spread the DLC message to people like Blair.
These sources confirm my statements and, obviously, give more information. They are an interesting read, especially for Democrats.
http://en.wikipedia.org/wiki/Democratic_Leadership_Council
http://en.wikipedia.org/wiki/Al_From
http://en.wikipedia.org/wiki/Will_Marshall
Of course, the DLC
per se is all but gone, having donated its papers to Clinton's Presidential Library. But, Progressive Policy Institute, Third Way and a bunch of other think tanks live on and proliferate like Hydra's heads. At this point, the DLC philosophy has more names than a check forger.
While some of them are described as liberal, we know the reality. Worst, IMO, is No Labels, which is the closest admission of a uniparty that I know of. It was supposedly the brainchild of a Bushite, but is full of "pragmatic" Dems, including many who were in the Clinton administration. Reminds me of Bubba hiring Morris to help set policy.
Hillary's ties with The Fellowship trouble me as well.
The pros are obvious. Very smart, very experienced, two for the price of one (allegedly), with Bill aso being one of the smartest people on the planet and experienced too, very loyal, first female President, something for which I think the nation is ready--and Democratic women are more than ready, so a real GOTV plus, etc.
Senator Warren also has pros and cons for me. Having it seen crushes on politicians and the deception that resuts, I find them very dangerous.