"missed the bar by a few centimeters"
May I recall that:
startup => company
company !=> startup (a company isn't necessarily a startup)
Startup meant to be very-fast growing companies and then, in this condition, what an investor should ask himself is only: is this company a startup? If yes, the investor must invest at almost any price because the company will be 10x or even 100x bigger tomorrow. At least, buying 2x for the price of a share is ok.the investor must invest at almost any price
This is not investing, this is gambling. When I invest, I have a hedging strategy and caps. If you offer me a gold mine for $ 15 and I have only $ 10 to invest, sorry, I'll pass.
From a founder point of view, I think fishing for the investors that missed the bar by a few centimeters is a clever strategy.
I would personally favor an involved investor over a rich investor any time of the day, because an investment isn't just a spreadsheet you agree upon.