[vasco]

It's just a way to have free vetting. If you have a bunch of cash to deliver to startups in order to reap the rewards of lock-in a few years down the line, which do you do?

1) Ask for applications and pay people to mass review applications to pick which startups are more likely to succeed

2) Have 1) be done by proxy for you for free, by only giving it out to startups who a professional "startup success predictor person" has already invested in

They've chosen to go with 2.