harnessing the web's power to raise money and awareness can have it's drawbacks - what if everyone still wants a stake it what's done with the group's funds? smartocracy has a work-in-progress answer, what they call "augmented democracy." Check out their site for more details and some mathematical analysis! Their first project is to spend 15K using this system, culling one proposal from an open submission process. They're funded by challenge grants from Threshold Foundation and Wallace Global Fund.
