[nthngtshr]

I don't know the whole story so maybe there is something more to your argument, but on face value this doesn't sound like a strong argument. Early stage investing is high volume, low involvement, low due diligence kind of thing.

I would be a lot more embarrassed if I invested 100M into a 10 years old company that turned out to be a fraud vs 500K into a brand new pre-product team.