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(then split the profits) WeBook just raised $5M. A bunch of writers get together online and write a book together, when and if the book sells, they get 50% of the profit, WeBook gets the other half. "Since its April 2008 launch, WEbook has added thousands of writers, editors, illustrators, and readers to its service and the site is currently hosting 15,000 book projects in genres ranging from short stories to non-fiction. Once a book is completed, it goes through a community vetting process where the users vote on books. Those that perform best during the process will be published by WEbook."
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