I Like What I Hear About the $40M Seed Stage Fund, "Founder Collective"

It's too bad they're on the East Coast, since I don't believe there exists such a fund here in Silicon Valley, perhaps due to the high concentration of "traditional" VCs.

YC's a non-starter for me, since it's nowhere near enough money to quit my "day job" (which, fortunately, is ramping up in terms of challenge quite nicely, at the moment), let alone a hardware-heavy prototype.