DAOs were a failure in the last era of crypto. But it may have just been the wrong time for them. Two big things are different now: (1) regulatory clarity and (2) AI agents. We spent the last 10 years rediscovering the hard way that direct democracy is a bad idea. Turns out, nobody wakes up in the morning eager to adjudicate risk parameters or protocol updates. It didn't help that it was illegal to experiment with different DAO structures. The vicious hostility of Biden and Gensler toward the space killed all innovation. But it's a new day. It is once again legal to experiment. You could choose to play with forms of representative democracy, or multi-cameral systems, or hybrids of permissioned and permissionless participation. Not to mention, AI agents can now step into many kinds of roles that humans will never want to perform. They may help DAOs live up to their name by making them truly Autonomous. The design space for new DAOs is infinite, for they are just software. What new experiments are people running?