But considering a lot of these investments are made because of the people and not just the idea, how would that work?

That's a useless idea. It's not a contest and fairness isn't the goal.

You are talking about PEOPLE whose job is to MAKE MONEY and they do it through IRRATIONALLY picking companies to invest in based on their FEELINGS about the deal.

If VC's picked based on numbers, they would invest using software and metrics only. But since they invest based on feelings about people, double blind pitches are an impossible and useless idea.

VC is people selling to people. Learn that game and the whole thing makes more sense.