You're right, the context might have made this sufficiently clear. I haven't gone through the angel-investment-courting game (Tarsnap is bootstrapped) so I hav

You're right, the context might have made this sufficiently clear. I haven't gone through the angel-investment-courting game (Tarsnap is bootstrapped) so I have no direct experience here; but given everything I hear about the importance of finding the right investors and "hot" startups going from desperately seeking money to turning investors away overnight, I assumed that the "politically correct reason" was plausible enough that the investor in question would have believed it. I apologize if my lack of understanding of the context meant that I didn't recognize what would have been an obvious subtext to everybody directly involved.