Dude I would take a cut to have someone as a vc who said "lol no, sorry, you suck." I mean jesus christ these are the last people we want patting our egos.
I have my ego pretty much under control, exagerated compliments won't do any damage here.
VC boilerplate is etiquette, which means formalized behavior designed to reduce conflict, but also at the expense of communication. It's not really about politeness, so much as being noncommital both ways.