O'Brien: DAOs fail as corporate governance during company crises
Kyle O'Brien · How To Pick Startup Winners With Jason Calacanis · Jul 28, 2022 · at 21:49
Host Kyle O'Brien critiques the narrative that all companies should be structured as Decentralized Autonomous Organizations (DAOs).
0:00 / 0:43exact quote · 43.4s
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“Centralization is good in times of crisis. And like, I think that across decision making authority too. And so when you talk about Dow's, like, I think a lot of the use cases you talked about are interesting in the context of a doubt where you have like you know, governance across a bunch of people for like, You know investing behind causes and more homes or things like that. But if you're talking about a company, like there was this whole thing of like every company is going to be a Dow and community governance of everything. And my whole thing with that is like, that sounds fine when everything is up and to the right and times are good. But when shit hits the fan, like there needs to be a general that is able to go make quick decisions really fast. And I just don't think you can rely on a community you know, distributed decision making in times of war.”
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