It’s lime a mutual funds but if you are going to do this with your friends, better not to because conflicts might happen especially if someones wants to get his money back instantly.
Although we rarely see this in bitcoin investment, many cases that occur in the business of collecting money with friends to run it will end in mutual distrust and in the end will lead to conflict. If the investment can be done independently it will be much better than collecting money with friends, because if we have small capital we can use the DCA pattern as a strategy.
Collecting of funds and investing it is already happening with the stock market and it is being handle by the professionals so you can have more confidence with your funds. It may look higher since the capital is big, but with the trust issues, I think I will not go for this.
There are many risks that will occur by raising funds and engaging in investments. Patterns that are carried out by some people in the stock market and are handled by professionals also cannot be guaranteed, but if you and anyone can entrust this to them, the decision is up to each of us individually.