"Perhaps to prevent rampant Collusion, Corruption and Casteism in India."

(If you were being sarcastic, I couldn't detect it in your sentence, so I will respond to it as written. Apologies if I didn't catch the tone right.)

yeah sure. When a seed funder decides to spend 10,000 $ on a company after extensive interactions with the team, his first concern is to avoid "collusion corruption and casteism" and so he has to have line item veto ;-)

I wonder if PG and co lose their 17,000 $ occasionally to people who just take the money and blow it gambling in Las Vegas? After all they just hand over the money, with no "guarantee" that the team will actually start coding/running a company.