This is an application where you are putting yourself out there and a board of shadowy figures will accept or reject you. If you are accepted, you are now a cheerleader, hazaa. If you are rejected, it is a personal rejection because they don't think you as an individual are worth it. This creates an anti-cheerleader, someone who actively dislikes your coin. Since there is more rejections than not, then the first impact you have is that more people dislike you than likes you.
Maybe it will work out but I don't see anyone rejected using their own money to buy stake after this.