True, many of my skillsets are learned by self taught, and true that even some expert didn't know certain depth of his field, but learning take time, and trials, and mistakes. Your wive excellent food that's better than pricey restaurant didn't come instantly, there were these over generous salt judgment, burned hand, spoiled meat, well... burned meat, sticky pasta, and so on. Bottomline, there are a lot of failure on the project, and sometimes it can be expensive, especially for startup projects. Does your fund covers this? I mean, like a preparation that the first three to six month will be utter failure as everyone is learning?
I also assume that these chairmen are paid?
Chairpersons are paid via profits, so there is an incentive to make the best decisions as a group
Voting and forum discussion on projects should ensure that bad projects are kept to a minimum... Of course a few will get through, but having the community vet the projects, they will be used as experiences in forum discussion on other projects.
Which means, they're ready to be paid very few if the profit rather low? And how does you ensure that they would accept those low payment as compensation for their hard work?