Bull markets teach bad lessons. Typically, when token prices go up for a long period of time, people get conditioned into thinking money grows on trees (think no further than DeFi Summer). 

The state of DAOs is still nascent. Being an active participant in several projects for some time now, we’ve observed all sorts of things happening in DAO communities. This post is an attempt to share a short list of musings that were inspired by our experiences. 

The next Apple, Amazon, or Google is unlikely to be structured as a traditional company. Instead, it’s likely to be organized as an entirely crypto-native entity to which anyone can contribute and capture financial upside.Today, these crypto-native entities are called decentralized autonomous organizations (DAOs), although in the future, they may go by a more catchy name.