I had never heard of DAOs before this and am struggling to wrap my head around it. It seems similar to any other venture with shareholders, except the sharehol

I had never heard of DAOs before this and am struggling to wrap my head around it. It seems similar to any other venture with shareholders, except the shareholders need to reach consensus for any sort of financial transaction. Is that right? So the DAO is blocking this guy with $100M sitting around from just hiring an actual designer for his air taxi project?