This is interesting but completely discounts the social aspect of investment. I don't know much about it, but my guess is that a good angel or VC will make se

This is interesting but completely discounts the social aspect of investment. I don't know much about it, but my guess is that a good angel or VC will make serious efforts to get your business to the next level. They'll undoubtedly know people you won't. They also are free to say no, meaning they can give criticism without rose colored glasses.