Another thing for entrepreneurs to keep in mind is that VC's deal with bigger chunks of money these days. Angels have take on a lot of the early stage risk, so

Another thing for entrepreneurs to keep in mind is that VC's deal with bigger chunks of money these days. Angels have take on a lot of the early stage risk, so if the process outlined in this article seems overly cautious or insular it's because there's just no need for a VC firm to take on high risk, that should have already been done by FFF and/or angels.