[noodle]

i don't disagree with what you're saying, but its interesting that this article about what they want to fund totally shifted what you saw.

to put money down on what is essentially nothing more than an idea, you have to be investing in the people as just as much as you're investing in the idea. a good idea backed by a team of monkeys on keyboards will surely eventually produce and launch the startup, as per the infinite monkey theorem. what you're investing in is the people backing the idea, trusting that they're quality enough to do a good job to create a good company and product.