"Y Combinator for people?"
jasonkester: I think you're missing two key points about YCombinator:  - YCombinator doesn't make you give the money back if your thing doesn't take off.
  
  - YCombinator's isn't really giving you money.  They're giving you influence and contacts.  That's *huge* in this industry.  The money is not really a factor.

All your program seems to offer would be a loan with a bad interest rate.  As others in this thread have noted, that sounds like a bad investment from both sides.Now if you could come up with something that actually modeled what YC does, but for individuals instead of companies, then that might be a good idea.  "Here's 20k and a pile of help.  Knock yourself out, but we get 6% of anything big that you do".