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Re:Invest in Startups by agilebyte on Monday September 23, 2013 @02:17PM (#6433025)
Because if you can be working on a product right now you don't need outside investment?
Re:Invest in Startups by irollboozers on Monday September 23, 2013 @02:21PM (#6433056)
No, rather it's that as a founder you have limited time to expend, and spending effort getting traction will have a much larger return than trying to optimize for the various requests of angel investors.

There are also enough quality investors out there who use signals other than hand-wavy financial reports that you could be spending your time to get.