If it is executed flawlessly it will prove DAOs as a viable corporate governance mechanism. If it fails or struggles, there will be learnings.
Ok but you can just form a 501(c)(3) whenever you want right, which actually has some force of law over its activities.
> I presume they will put things up for vote using the DAO.
But... they don't have to.
It's all fun and games until there's a disagreement over what to do. The way in which a meaningful disagreement is resolved is what will prove the viability of this model. When everyone's aligned already, it doesn't really prove much.
Traditional shareholders have actual legal voting power. Nothing is stopping this group from ignoring governance token votes.
A DAO is not special. It's just an unregulated international corporation.