DAOs are awesome, but the incentives don't make sense right now.  Maybe I'm missing something? But it seems to me the following issues are not small problems ⬇️

1️⃣ Every person in the DAO gets financial steak.  So the better the DAO does, the more incentive you have to sell your tokens and thus LEAVE the DAO.  You're building a community where, if it works, people leave.

2️⃣ The more successful it becomes, the harder it is to grow. The cost of entry is too high for most people.  So this "web 3 democratizes access and wealth" doesn't quite work out. Anything successful will only benefit those who connected from the start or are already wealthy.

3️⃣ You and your investors have liquidity from day 1.  They are not INVESTED in you for the long term.  They are incentivized to sell as soon as they make a return.  Imagine if every pre-seed investor sold at Series A?  The entire cap table flips to trend-chasers.