Maybe the wording isn't clear. But Dandelion only gets half of whatever percentage a founder agrees to give up, which may be as little as 1%.

Please don't submit the application if you are not comfortable (we'll make some improvements to the site in the near future which ought to help). I talked with a lot of people about Dandelion at startup school and the response was pretty overwhelmingly positive, so I decided to post a link to the home page to HN in its current state of completion and polish.

Obviously full trust and transparency is essential. So feel free to email me and I'll give you a call or something to fill in any details (this applies to anyone who is interested).

Obviously the page of the site relating to the founding team is crucial and so I am (appropriately) reluctant to post it in haste.