I propose a Halfbakery venture fund, that operates in the following manner:
Halfbakery members invest in the fund, in return for stock. (e.g. $1=1 share).
The money is used in the following way:
50% is "invested". i.e. used as seed-investments in real profit-potential ideas posted on HB.
1/2 the profits from these investments are distrubuted back to the shareholders, 1/2 are sent back to the fund.
30% is spent on "useful" ideas. i.e. products that won't make money, but the members of the fund would like to use for themselves, and we pay bakers to bake them.
20% is spent on "non-useful" ideas. I.e. something artistic / really cool, but no-one can really use, and we donate them to museums or something.
A board of 7 people, elected by the shareholders, meets monthly (online), and decides how to spend the cash, with input from all the shareholders.
Anyone interested? If so, please post how much you would be willing to invest.
Extension of 2 previous ideas (see links).