Isn't the fast-pitch important because people have been told it is important? Isn't it fair to measure its effectiveness by the number of successful exits?

Increasing the time is a step in the right direction. I'll see if I can do it. But if I find it is still not enough time to divulge all of the pertinent information I will not submit an application.

The reasons given for the increase in time are to see how much more information an entrepreneur can convey and how much more of an impact an entrepreneur can make. A lot is being put on the shoulders of entrepreneurs without the Angels meeting them halfway.

Cowan says they give the entrepreneurs training to help them understand the mindset of Angels. There was no discussion on what that mindset should be.

Funny how entrepreneurs are required to convey an entire business in just two minutes while Angels allow themselves lengthy training sessions to convey their mindset. Angels say they are smart enough to understand an opportunity in just two minutes but other people are not smart enough to understand them in two minutes.

The Angel mindset is fluctuating right now. Therefore it is proper to question the effectiveness of the training sessions. The ultimate proof will always be the exits. Not the food, not the wine; the high attendance just means other people haven't figured out what they should do either.

The hundreds of attendees are not there to compete with each to invest in the ten opportunities being presented. They are not there to pick up the leftovers that nobody else wants. So why are the really there?

It's funny how Angels don't realize that entrepreneurs are asking themselves these questions. That's why past winners include things like Buzz that never had a market for its product.

Sure this competition can claim to be attracting people, but what has it done to attract quality? Just as the investors want to see quality opportunities, entrepreneurs want to see that they are investing their time and resources with quality potential investors. Not just people who are showing up because they don't know what else to do, or are there just to network and not for the opportunities.

Show us the exits of the investors! That will tell us the quality of the investors in attendance. Show us that the investors have "x" amount of capital available to invest right now. That will tell us we are not just there to entertain. Have those investors with capital immediately available, wearing badges to indicate that.

Until this competition starts being more open an honest it is going to keep showcasing things like Buzz. I don't want to compete with things like Buzz that offer fantasies that reality can never compete with. Show us that this competition keeps it real.