I think it is still important to Angels. Angels want to invest in people/teams that are "like" them. They are more likely to trust other country club types that

I think it is still important to Angels. Angels want to invest in people/teams that are "like" them. They are more likely to trust other country club types that they assume have the same background and social circles they do. A lot of Angels don't care about the money or the return, it is about having stuff to talk about over drinks or between holes on the course. "I'm in a couple of blockchain start-ups that are really promising". It is about being interesting and in the know. Viability is meaningless.