That depends Mark. Are those micro-angels putting up the 20k before the founders get together based on a single founder and an idea and allowing you to connect to their network of founders to find a co-founder? If so, what happens if you don't find the right co-founder in their network? Or do they only put up 20k and take 8% if they're able to find you a match? I really don't know much about micro-angels so your insight here is appreciated.

I'm mainly concerned about application processes before founders find each other. I whole heartedly agree that having angels and VCs bring entrepreneurs together is a good thing but I don't think it should be a formal process of picking and choosing who they do and do not introduce.