I cant find relevant discussion by searching, so sorry if it's duplicate...

Vitalik recently posted his thoughts on "improving" ICO model by combining it with some DAO features:

https://ethresear.ch/t/explanation-of-daicos/465

I have really mixed feelings about this one. It may work well if amount of participants in said DAICO is very large, otherwise future of the project can be and will be heavily manipulated. It's common practice in conventional investment models when people "buying in" into board seats, bribe/make alliance with other board members and do whatever they want with company otherwise.

Would love to hear your thoughts about it. Thank you.