It's a lazy filter - and I don't mean "lazy" in the entirely negative sense. If you get 4000 pitch decks per year and ultimately make 15-20 investments, you ne

It's a lazy filter - and I don't mean "lazy" in the entirely negative sense. If you get 4000 pitch decks per year and ultimately make 15-20 investments, you need to whittle that down fast. Having half that volume be "cold" and just tossing it gets you down to a more manageable number quickly. Might you miss some gems in there? Sure, but you don't need 'em all, you just need 15-20 solid ones. Another VC might think differently. This just says don't go to this particular VC to raise your seed.