It looks like both co-founders are engineers (or technical, at least), maybe they just want additional help and are offering a "founder" title in return for the risk of joining such a young startup?
http://algorithmia.com/about
From their About page, neither of the founders is technical. One has a PhD in Finance but doesn't list any banks or hedge funds amongst his previous employers, that seems odd. The other is a business bro.
Interesting that in the spirit of the usual startup discussions here on Hacker News, no one has mentioned that this is/was a single founder company. http://en.wikipedia.org/wiki/Bose_Corporation
[0] https://www.froresystems.com/team
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