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It is concerning how defensive some supporters of the DAO get when the wisdom of the crowd is questioned in this context. IMO vote by majority is the biggest issue with the DAO.

Has anyone come across a DAO where the voting power lies with the board of directors?

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That wouldn't be a _Decentralized_ _Autonomous_ Organization... short DAO...

It might be nice if votes could be weighted by some sort of basic competence test.

The basic competence test here is, do you have money and can you figure out how to convert it to DOA tokens.

Kickstarter has shown that the former isn't a good filter. Perhaps the latter?

How would that be different from a traditional VC-funded company?

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