How do they make money?
Early access to interesting products and great teams is likely more than enough value to them in return.
Disclaimer- I know the people who started this and they've got nothing but the best intentions. (They're also a quiet but highly successful company.)
My guess is that they have some office space and cash to spare (it's probably not all that expensive to run such a program). Plus, they're going to get a lot of positive PR as a result.