I've just finished putting together this site which has been an idea of mine for a while now. The idea is everyone puts in some money to start a record label, everyone has an equal vote in things like who is signed, where they play, what songs will go on the album, everything that's feasible. It's on the idea of one person, one vote, and not one share one vote, so it's power to the people!
The money that everyone puts in allows the label to sign unsigned artists and give them enough money to record an album. It's in the early stages at the moment, but would love to hear what people think of it (you can even be one of the first owners if you like!)
the address is http://www.ownarecordlabel.com/