Ok, that is interesting. So Slock.it just shares 5% of their total profits with "The DAO". Is "The DAO" a legal shareholder of Slock.it with 5% equity? How much money is Slock.it proposal asking for?
Are the paybacks another smart contract?
At the end, a DAO investment can take several years to really pay back any dividends. Quite an investment...
It would be too funny if THE DAO loses a big chunk of their evaluation with an ETH price drop. Wouldn´t be the first time for ETH to lose money through such a deal. The DAO has no option to hedge themselves against an ETH price drop.
It can enter a contract for difference assuming it can find millions of dollars of eth investors willing to leverage up.
Is the DAO unable to fund big projects?