There's a bigger issue here, apart from the outdated advice. It's just BAD advice to begin with. What it signals is lack of tech savvy in the investors. It do

There's a bigger issue here, apart from the outdated advice. It's just BAD advice to begin with. What it signals is lack of tech savvy in the investors. It does not in any way shape or form signal any lack of financial savvy on the part of the founder. If you're starting a tech company, do you REALLY want to work with an investor who can't open a cloud spreadsheet ffs?