Why does it have to be a team and company to apply?
For example @jeresig wasn't a team or company when he created jQuery, JS library that was used (and still is) by every web developer at some point.
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I understand that it must be company to make investment from legal standpoint, but from this blog post it sounded like this fund was accessible for standalone developers as well, while in apply form company is mandatory
pic.twitter.com/wxG3dkO0AJ
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