This is a really sloppy article - and I and many others disagree with your premise. You don't have to put this much money at risk to innovate, and failures like

This is a really sloppy article - and I and many others disagree with your premise. You don't have to put this much money at risk to innovate, and failures like this have the potential to set the space back years (regulation may increase, consumers will be very wary). Nearly every engineer who launches a product goes through a staged rollout with testing along the way (including the Ethereum network which took years to develop and test, and likely still has many undiscovered bugs). When the costs of failure are high (any financial services product, software at NASA, embedded software), this is especially important. DAO innovation could have been served by draft contracts passed around in the community, or a small POC with small deposits or toy money, as the design was worked out - and refined over months, and yes, even years. Releasing a DAO contract (and marketing it, curating it), without any limitations on funding or substantial due diligence, was problematic at best - and gives a black eye to everyone who exercises due diligence in the space.