That’s been a solved issue since at least the 17th century with joint stock companies. What else is an IPO but asking strangers for money so you can do business?

Also, the only reason early IPOs aren’t popular anymore is because capital is so easy to get from VCs, despite what you’re suggesting. The difference is that you want money without a business plan or a plan to grow, which is not how private, nor public, money should be squandered.

And no, this is simply an idea that would offer funds to the vast majority, who don’t have access to VCs.

99.9% of VC funded companies are not world changing ideas (even if they worked at scale as intended). And 99% of that came thru an intro. So yeah.

Heck, this is the thesis of YC, except they also fund petty companies, because they’re optimizing for returns, not far fetching ideas.

And, even so, exactly zero of those, AFAIK, were so early as to have raised their first million that way, underlining the grandparent’s point.