A venture capital firm says it invests in people “pre-idea, pre-team”

Re:A venture capital firm says it invests in people “pre-ide... by aaggarwal on Friday June 12, 2015 @12:46PM (#9707029)

So, in a nutshell, EF is trying to recruit people from different areas who wants to be entrepreneurs, but doesn't have an idea/team, and EF will create suitable teams out of these people and give them money to build some product?

I have a question. Who exactly will decide what the product would be?Is this something those people would decide among themselves, or the EF would put them on a particular project idea they think is suitable for that team?

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Re:A venture capital firm says it invests in people “pre-ide... by davidhunter on Friday June 12, 2015 @12:52PM (#9707069)

You have complete freedom over who you work with and what you work on. They fund you unconditionally for the first three months and you can walk away at any time if you want to.

Their website is actually pretty informative: http://www.joinef.com/our-programme/

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