I see - thanks! So it really is like an index, but of options. One or two will hit, and when they do, it's time to pay attention. I've heard stories of universities that seed firms with a Fire-and-Forget mindset, and then finding out after the fact that someone has a bunch of valuable contracts in a filing cabinet.
off-topic - I'm a fan of what your company is doing.
I doubt the "forget" part is as strong as your description implies. Instead they are "in" on a heavily pre-vetted set of companies with very little work. And then begin on Day 2 (probably Day 1, actually) figuring out how involved to get, likely getting meaningfully involved in favorites.