Why is it limited to only recent grads? A lot of people have that "some day" thing they want to do but chose a "safe job" instead. As a backer, I'd be much more likely to fund a console veteran who wants to make indie games (i.e. reasonable chance of success) than a recent CS grad who has a job offer at BigCorp.

The thing that sets this apart from Kickstarter is that you're backing a person and not a project. If their "go for it" project fails, though, it'll feel a little bit like indentured servitude.