Agree in general but note that it allows the investors who agree to use this framework the ability to put FUD into the minds of founders who deal with investors

Agree in general but note that it allows the investors who agree to use this framework the ability to put FUD into the minds of founders who deal with investors who don't. Especially with startups with so many newly minted noobies coming on board every day who don't have any history or business knowledge they will soon might accept that this is the way "business has always been done".