From my understanding, FundersClub actually solves this crowdfunding problem by acting as the sole investor on the cap table. As far as you are concerned as a startup, there is only 1 investor, and if there are any shareholder approvals, you only have 1 shareholder to go to.

This is sort of the best of both worlds. The small investor gets the ability to invest in a (risky) company they wouldn't normally be able to, and collect (potentially) disproportionate rewards. The company doesn't have to deal with the hassle of having a ton of shareholders to contend with on the books. They are just along for the ride, and nothing more.