I didn't see one thing in there about evaluating the business. That said, assuming that this isn't a prank post, perhaps this kind of reasoning is behind the fact that many great ideas flounder for lack of funding while many bad ones do get funding. Perhaps the VC's behind those ventures aren't looking at the business at all - they are just looking at the age of the founders' cell phone numbers.

I do believe that alot of this kind of thing goes on though. I invented some authentication technology back in 2004 and couldn't get anyone to take me seriously. After a former friend of mine with serious credibility in the tech investor community came along and formed a business around it, he was instantly able to raise money and soon thereafter sold it for $64 million (incidentally, he screwed me out of the $13 million I was supposed to get, but that's a story for another day). The point is that great technology often goes nowhere until the "right" people are behind it - which probably does all of us a serious disservice.

Rather than rejecting great technology with what the investor believes are weak founders for arbitrary reasons, they should keep teams of what they consider to be great founders around to help those "weak" teams with great ideas.