Some people here seem to have such little experience with the real world.  Let me summarize for you:

- The founders are (according to general opinion) well known and respected members of the community.  They are traders and coin devs and write a lot of articles on altcoins and so on.  They've been around for a long time and understand how things work.

- They want to create a company (investment fund) and they have some general ideas of what activities they would do to increase the value of the company (fund).

This happens all the time in the real world.  Once someone has become a well-known and respected member of an industry, someone who has held executive positions in successful companies in that industry, they can get investment money just based on who they are.  Look at Jack Dorsey and Evan Williams and Biz Stone.  They created Xanga, Blogger, and Odeo.  They had a reputation as being successful at coming up with new ideas and turning them into profitable companies.  When they had some vague idea about creating a new type of communication platform investors threw money at them.  The idea didn't matter, they were investing in the people not the idea.  They had investors lining up before they wrote a single line of code.  The idea of course was Twitter.  And since that has been successful Williams and Dorsey have gotten investment for other companies just on their reputation and past success.

Or to put it another way, if Justin Timberlake wanted to start a record label but didn't have any artists to sign yet would you invest?  If the senior trader at Goldman Sachs left to start a hedge fund but didn't know what his trading strategy was going to be would you invest?

Decide for yourself if the QTM founders are people you respect and trust and think can put together a profitable altcoin fund.  But to call it a scam because they don't have a 100% road map of exactly what they're going to do is silly.  You're investing in the people not the idea.