In all seriousness, if these guys can actually find the time to reply to the avalanche of queries they're about to get, then more power to them for lending a hand where it's needed.
Let us know what you're looking for, and please include a prototype if at all
possible. This is an informal association and not a fund. If inclined, we may
provide feedback, advice, mentorship, hacking, investment and/or serve as
advisors or independent board members, on an individual basis.
Why do you assume 100% less funding? They have all had successful exits. It seems like an approach that's at least as flexible as YCombinator and perhaps better able to nurture over the long term.
In all seriousness, if these guys can actually find the time to reply to the avalanche of queries they're about to get, then more power to them for lending a hand where it's needed.