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This is an interesting idea, would this not be similar to an incubator?

I have a similar problem where I have a side project but can't really quit my job and work full time on it.

Yeah, I guess it is basically an incubator, except people wouldn't fully commit. My impression is that most incubators screen applicants for commitment, and that it's a really important component. I can't really provide hard evidence of my impression.

Here, the worry would be free riding.

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