So here is the fundamental flaw in this model. Conflict of interest. If I, as an entrepreneur, walk into the VCs doors to pitch them on something I have done a

So here is the fundamental flaw in this model. Conflict of interest. If I, as an entrepreneur, walk into the VCs doors to pitch them on something I have done and research I am doing - presumably without knowing that they have invested (or are investing in similar research with a view to taking that research into a commercial business) why should I feel comfortable knowing that they won't take my research and use it without me. I know that a successful business is more than just 1 idea, but if two sets of eyes are looking at the same problem, both trying to build a business around it and 1 has some insight that the other doesn't....that's a competitive advantage. That could be used against the entrepreneur - given that VCs tend to not want to sign NDAs & non-competes before hearing pitches (understandably so). So this whole VC investing in their own ideas, while also hearing pitches from founders....I am not too bullish on. The potential for conflicts are just too great. This is like having an EIR but worse....from the pitching entrepreneur's perspective anyway.