[maxtower]

Mr. Now,
How about instead of everyone spending $300 to develop a couple websites, how about spending the $30k on purchasing 5-6 websites which are already constructed and have current users and at least some income. Then the 100 man investing army can each help publicize the sites in the hopes that one or two of them would take off.
I looked around quickly at what sites are for sale, and it seems many fully developed quality sites could be bought for around $5000.
Another big plus would be if the individual sites had some kind of synergy that could be taken advantage of.
Once a site has seen revenue and income stream improvements, the group could decide to sell the site for a profit or just pay out the dividends from the income.
Max