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Not surprised to see this question, pretty surprised to see the answer (from David Cohen):

http://ask.techstars.org/what-if-we-outsourced-the-developme...

Take all those answers with a grain of salt. Remember: He's saying "Feel free to apply" That's the same as a loan officer at a bank. They'll tell you to apply for a loan even if you're unemployed and 100k in debt. That's no guarantee that the application will go anywhere, but they want to keep the pipeline full.
In this case I think it's fair to expect more. The best investors give quick "No"s, right?
I'm confused: how is this a version of ASK HN? It's clearly an early beta deployment of a product from the TechStars startup Sponge <http://getsponge.com>. Considering all the activity in the Q&A space lately, this title seems unnecessarily hostile.
Sponge is not a TechStars startup, you clearly didn't know.
checks TechStars founders wiki

Oh hey, you're right. My bad. Sorry about that. I guess I just kinda assumed.

This is a Great program. It puts people directly in touch with very interesting an helpful advisors, and lets you ask them quick one/two paragraph questions.

Then, it shares the advice out so everyone can benefit from it as well.