This makes a lot of sense. If investors can get a real feel for who they're investing in rather than a lot of marketing/canned pizzaz, I think they'll make consistently better decisions and founders will get a much clearer understanding of where they fall short.
Not to say that showing a proof of concept should be ditched entirely, but making a marketing pitch is not always the same as having a good idea.
Not to say that showing a proof of concept should be ditched entirely, but making a marketing pitch is not always the same as having a good idea.