I could understand (but in no way respect) their decision for doing that if they had a decent product or good idea. This looks like someone is having a punt on

I could understand (but in no way respect) their decision for doing that if they had a decent product or good idea. This looks like someone is having a punt on an idea after spending 30 minutes hacking together a website. I can't understand the idea though - we pay them for us to do work? I couldn't see any mention of what actually happens to the 'startup' or IP afterwards.