I'm a little puzzled by this piece. From the title I was expecting to read a proposal for a crowdsourced venture firm - a firm that made collective investment decisions and was funded my a large pool of people. There are big legal and practical hurdles, of course, to such an arrangement.

Upon a second read it sounds like the author is actually suggesting a large pool of people getting together and being some sort of LP at a VC. That's even more far fetched.

Anyone think of a way something along these lines could work?