So far, the "design spec" for the next-generation vc seems to be:

1. Invests $250-500k

2. Gets back to the applicants with a yes/no decision in 24 hours (can't find the pg essay).

I'm thinking there should be some kind of software, an algorithm, to help such a vc make decisions... what kind of factors would be part of it, and what else would be needed?