Powerset, an innovative investment program founded by Jack Zeller and Jonathan Swanson, provides $1 million to selected founders each year for investing in other startups. With a unique decentralized approach, it aims to leverage the expertise of founders rather than traditional venture capitalists. Previous participants include notable tech figures like Paul Copplestone and Wes McKinney. Applications for the third cohort open this week, and Zeller emphasizes the importance of committed founders for successful investments. This experimental model could redefine startup funding dynamics in the tech ecosystem.