It seems like the most fundamental difference between VCs and Super Angels is that VCs have more checks and balances (and overhead) surrounding where they inves

It seems like the most fundamental difference between VCs and Super Angels is that VCs have more checks and balances (and overhead) surrounding where they invest their money. With Super Angels, one person makes the final decision. For making $50 million bets, checks and balances seem like a good thing. For making $500,000 bets, perhaps one (very competent) person is the better approach. Some of the appeal of the VCs and their checks and balances may be for reassuring the LPs investing in the VC fund, rather than with its actual effectiveness in improving investment decisions. As Super Angels invest larger and larger sums, perhaps we'll see to what extent the VC approach is (or is not) needed when large sums of money are involved.