Though I appreciate the logic of having a single or small group of 'good investors', this only applies if one is able to attract said 'good investors'. If one i

Though I appreciate the logic of having a single or small group of 'good investors', this only applies if one is able to attract said 'good investors'. If one is unable to attract the attention of 'good investors' (assume the start-up has a good idea - being unable to attract 'good investors' is a separate problem), and only 'bad investors' are available it would be logical to try to get a lot of 'bad investors' so that they would not be able to individually influence the company. Thus party rounds make sense in that case don't they?