I'm mainly missing why investors would go for the corrupt minority fake company shabang, when they could, y'know, write the same check to some minority founders

I'm mainly missing why investors would go for the corrupt minority fake company shabang, when they could, y'know, write the same check to some minority founders who maybe didn't meet their usual selection heuristics[1] but seemed to have built a decent MVP in a decent market and have a bit of knowhow and lot of drive to grow it. [1]young men, brand name college, already based near Sand Hill Road, nerdy humour, not the sort of person that would shoot hoops... all the important stuff