Back in the days of “theDAO” an often discussed topic was how much a DAO could actually do DIRECTLY and to what extend it would need to rely on delegating power to some “normal” entity that would then execute things on behalf of the DAO.
Since Ethereum made 2.5 years of significant progress Ethereum and thus DAOs have become MUCH more powerful and a DAO can ACTUALLY do a lot of things.
A few examples:
Host a website.
A DAO can control an ENS domain. A ENS domain can now point to an IPFS object with the content of the website. ENS and IPFS is not (yet) natively supported by most browsers, however - it is enough to have metamask installed to resolve and .eth domain - give it a try: BlueYard.portalnetworkweb.eth
Bottom line is that for >1million Metamask user a DAO will be able to “host” a website. Dapps like slow.trade are designed in a way (purely client-site) that they could be served via IPFS - thus by the DAO.
Have a Twitter (like) account:
https://peepeth.com/ is the Web3 equivalent to Twitter. A DAO can control a handle and decide about what to Tweet. Control of the canonical communication channels can already capture a lot of value of an entity. If you think of companies like https://techcrunch.com/ and https://coindesk.com - controlling the website + Twitter handle captures already a lot of the value of the underlying legal entity.
The easiest way for a DAO to “employ” someone would be to create a bounty on e.g. https://gitcoin.co/
Thanks to DAI, Circle USD, Gemini USD and many more stable coins a DAO will be able to hold USD.
Issue a token
If the DAO ever decides to create a token that could be fully done on-chain. Especiallycontinues token sale models seems to be suitable for DAOs.