A Tool for a "Sharing Economy"

Fundable is a beta web tool that allows groups of people to pool their resources to make a large purchase, eBay style. If too few people join in a "group action," or if not enough money is raised by a certain date, all money is refunded. Fundable can also be used as a fundraiser, or as a negotiation tool.

Among the group actions listed on Fundable are raising funds for a schoogirl in Peru, a dedicated web server, a DVD player for troops in Iraq, and development of an online game.

Source: Smart Mobs