I believe your speculation is correct. The DAO was a great idea but it should have been done at a significantly smaller scale. Raise say $1M worth of tokens an

I believe your speculation is correct. The DAO was a great idea but it should have been done at a significantly smaller scale. Raise say $1M worth of tokens and invest in three things and then sunset the project and evaluate the result. Call it an experiment. This was like going from bottle rocket to Saturn V in one step.