If the team does not have a product, but there is a good idea, it does not mean that nothing will come of it. There are so many smart people with good ideas. But they do not have the finance to implement these ideas. But the fact that there are very few such projects is a fact.
Haha, the real investors just care the product, project, etc. they invest can make a profit or not.
Example Shark Tank Investment Program, do you know this program?
In this program, if you do not have any clearly result, good analytic, idea and product, you will never have an investment from the Sharks. That is the rule.