Ahh, well in that case you've got all sorts of new problems. If it's structured so that the fund owns the share and the 100 people own the fund then you have t

Ahh, well in that case you've got all sorts of new problems. If it's structured so that the fund owns the share and the 100 people own the fund then you have the problem that there's all sorts of regulations saying that only "accredited investors" (ie. very rich people) can invest in venture capital funds. Or if it's structured so that the 100 people own small shares directly, you're setting the company up for all sorts of troubles in the future. In particular, a lot of later-stage VCs and/or potential acquirers won't like it if there's a hundred tiny shareholders floating around -- too much potential trouble involved. That said, there might be a way to do it, and I'm not a lawyer, etc.