I’m looking for some business guidance on how to properly launch a DAO. My understanding is the founders are like “clock makers” who should bootstrap the organization by drafting a constitution describing how the organization should be structured and managed.
Bylaws would describe fundamental issues and operating procedures would describe the initial rules which the organization should operate under. After the DAO foundation, token holders would have the ability to amend any Bylaws or operating rule by majority ruling. The constitution itself would remain immutable and should include just enough details to ensure that governance remains autonomous under any circumstance.
Is my understanding roughly correct? If so, is there any workbook that would help draft the constitution properly? Or any example of existing DAO documentation that this community considers high quality.
Are there any guidelines regarding token distribution? For instance, is it acceptable for the founders to allocate a minority share of tokens to a company that would be in charge of operations until the organization reaches maturity (i.e. until token holders choose to renew its mandate or replace it).
I understand that there is very little settled law around this but I’m looking for what would be considered proper form.