Since the summer, I believe some significant things have changed, for us and in the market:

• We are not at DAOstack — we don't have to make choices based on DAOstack's expertise, existing frameworks, ideology, etc.
• Emergence of empowered multisigs as practical and useful (Yearn core, Sushi core, Uniswap grants, Compound grants)
• Emergence of fractalization in DAOs (aforementioned grants committees, DXdao's squads, Yearn's effective "multi-DAO structure")
• Clearer distinction between signaling (forums), consensus (vote), and confirmation (execution)
• More "competition" emerging — Colony V2 does a better job with some of these things, Snapshot is getting serious, Gnosis Safe DAO module, etc.

Eminence of Multisigs

What does this mean?

• In cases where many decisions need to be made, it's more efficient to let a small group of people make them.
  • Why? +
    • Speed, though I don't think this will always be the case (DAOs can theoretically be fast)
    • Vision — a small group can put together a clear vision that connects the decisions into a real strategy much more effectively than a DAO can right now, perhaps forever
    • Simplicity - Wallets are easier to deploy/use
    • Security - wallets are time-tested, relatively simple contracts
• Voters don't want to deal with lots of decisions, and when participation in important decisions is low, everyone thinks that's a bad thing
• Some DAOs are not using multisigs (e.g. Compound) — why?
  • Legal protection
  • Low decision-frequency

Problem 1: DAO members may be legally liable for the decisions made by the DAO

• (worse with fewer decision makers and no legal entity)

Problem 2: crowds are bad at strategy

Problem 3: crowds have a participation rate problem

Problem 4: crowds are good at identifying problems, not solutions

Fractalization