On: You Don’t Need A Prototype To Raise A Seed Round

Seems like another in the line of "for some definition of startup (which we don't elucidate) this factoid (which depends on our definition) is true."

Comments like this : "But today, it is the very rare Internet software deal that has meaningful technology risk — other than scalability,"

Seem to sweep the whole patent/copyright risk under the table for example.

I get the whole 'invest in the team not the idea' mantra, but that depends on the team having a track record.

Third paragraph:

"Assume... ...your team has product, development, and design chops."

I am going to assume that this means your team has a track record, one definition of "chops"

Yes, but if there is a way to determine 'chops' without an exemplar or two that would be useful to know.