Do you think it would make sense to issue X shares for each site, and then split the shares at Y value? And in real stock exchanges, companies issue shares of

Do you think it would make sense to issue X shares for each site, and then split the shares at Y value? And in real stock exchanges, companies issue shares of the company, so they have real value. InTrade links its share value to the likelihood of something happening - but the goals of websites/startups vary greatly, so it's difficult to set a fixed standard that way. You might also be able to set up a market in which shares only have value because of scarcity, but I think it would be difficult to convince people to buy them in the first place, which is why starting with funny money might actually be a good move in trying to establish this sort of market. And should sites be allowed to apply for the exchange? Do you think you could allow the companies that own these sites to sell actual shares to accredited investors using a Funders Club model?