It's not crazy, but in the US, it would require that you register the securities (possibly each person?) with the SEC, or only take investment from accredited i

It's not crazy, but in the US, it would require that you register the securities (possibly each person?) with the SEC, or only take investment from accredited investors (http://www.sec.gov/answers/accred.htm http://www.sec.gov/answers/accred.htm). This could well increase the overhead enough to make the project infeasible.