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For major concern is job security and work life balance.
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Rising Star
Walk me through what happens after the DAO is formed. Who does the work? What benefit the DAO would bring to $FORD as a company? As opposed to the current state.
For example, ($FORD) with a $16M market cap, 32% held by Insiders, 15% held by institutions and roughly 7M shares floating @ $1.60 per share. They are an industrial design firm out of Hauppauge, NY - working in wearables and smart tech. In theory we could raise $12M and buy the majority share of the business as one entity. Vote in a representative from the DAO on the board
holdout concerns come to mind
Let’s take a real DAO. Wonderland. With over $1B in the treasury they choose to buy some tokens for a crypto betting platform. Instead, what if they went and bought Blue Apron, a hurting business with $250M market cap, and then added the benefit of web3 to this business model. For instance, users can submit own recipes as NFTs and when their recipe is used they directly benefit.
Wouldn’t the greater sum of parts for the whole web3 movement be to move traditional businesses into the space, they could, and I think investors and stakers would be more interested if they knew their fractional ownership of the DAO owned and operated real companies, and they can actively participate via digital means vs having to show up to a shareholder meeting where they have no voice
A DAO doesn’t do anything to make any of that easier and in fact, makes it a lot more difficult.