Can 50,000 budding entrepreneurs manage a corporation better than experienced CEOs?

I have come across a rather interesting website, http://www.gogme.biz , it is attracting 50,000 aspiring entrepreneurs from all over the world to own and manage a business entity over the internet. I’ve summarized the interesting parts from the website:





Gogme.biz facilitates anyone who aspires to be an entrepreneur to own and manage a business entity together with thousands of aspiring entrepreneurs around the world.





Join the first global entrepreneurial initiative, Gogme Learning Alfa where entrepreneurs can learn entrepreneurship through ownership, online participation, social networking, decision-making, interacting with business mentors, managing businesses via a business excellence framework and getting explicit business knowledge of various industries. 100% of the profits will be distributed back to the entrepreneurs according to their initial startup contribution.





Do you think it can be achieved?

Can 50,000 budding entrepreneurs manage a corporation better than experienced CEOs?
Can 50,000 people agree on anything? And where are they going to get all the donuts?