> This just sounds like optimistic angels not understanding the equations they are a part of. I agree. I edited out of my rant the fact that investors are supp

> This just sounds like optimistic angels not understanding the equations they are a part of. I agree. I edited out of my rant the fact that investors are supposed to be sophisticated. Everyone knows what they're getting into here. Angels are typically way more sophisticated than startups (if you've done 1 deal that's usually 1 deal more than a founder has). If you can't do the math on this you shouldn't be investing in startups.