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This is why in my angel investing (I really hate the term angel) I try to avoid just investing in people I like.

It is not that I want to work with people I dislike, but that if I like them other people probably do and if they are all investing on the basis of how much they like the founders then the price will be higher.

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Coincidentally, in my research paper, it's found that one of the deciding factors that VCs and Accelerators choose/invest in companies is actually how much they 'like' people or founders

Yep. I can understand the appeal of wanting to invest in people you like because you will be spending a lot of time with them. It would not be so bad if who people liked was random, but it is not - we all tend to like the same people.

Investing is quite like dating in that it is not always best to just go the for the hottest guy/girl in the room.

Any way of reading that paper?

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