[contingencies]

Arguable. I am observing my wife pitching a business to local mainland Chinese investors at the moment. It's not all that different, though I would argue less polished and critically the VC does not take the attitude "Compress thy worth in to the revealed number of minutes, or forever wallow in thy toils". Instead, the VC is approached through a series of interactions over time: mediated concept pitch, document submission, then culminating in face to face meetings.