[grandalf]

Those are excellent questions. The best way for us to address them is to update more of the copy on the site. The biggest thing we help with is validation, but we also help create winning teams, early hires, etc.

The number 100 is intended to be large enough to make the investment truly diverse, large enough to attract a wide variety of talent and experience in each class, but small enough to be filled relatively easily. There is also no harm in applying multiple times or in scrapping a project and joining someone else's or submitting another idea. From the standpoint of the investor, it's an investment in people, and the specifics of the structure address the realities of risk aversion, talent acquisition, etc.