One critical flaw in shareholder-controlled corporations is that they have a strong attractor to short-term profits at the expense of long-term growth and stability. As a foresight consultant I typically find most corporations completely unable to think or plan more than two years ahead. How can we avoid this phenomenon with DACs? Or, to flip it around, how can a DAC reward long-term strategic thinking among its shareholders?
1 ·
Comments
Also, I think DACs maybe will have a different mentality. Maybe short-term and long-term will have not all the sense they have today... who knows? I'll keep an eye on the first DACs and hope to create and experiment with one soon.
Perhaps in the economy of decentralize organization, users could gain extra "corp-coins" if they plan projects in the far future--and successfully tie mini-projects to that end-objective?
I can imagine a whole mini-economy of time and influence "corp-coins" developing as a significant part of the operations of future corporations...
I imagine DACs built on Ethereum will still need to go through some type of fundraising, although the more I think about it if it's backed by ether than maybe they won't need to fund raise? I'm having trouble reconciling this...