True Angel/Seed Investing Is Dead. I’m talking about the kind that invests pre revenue. If you don’t have a successful exit already, or traction, don’t bother trying to raise money from anyone but friends.

This is true. However, there is one exception. If you don't have revenue or traction, or a prior successful exit, you can still raise a seed round if you have the right connections. But, for 99.99% of us, that's not the case.

That's why the Angel round is sometimes referred to as the Friends and Family round.

The Angel sounds is all based on connections. So you're right going to an angel pitching event is probably pointless if you don't have prior exits or traction, but that doesn't mean you can't build your connections.

You can build connections anywhere but for folks currently working in startups, now is the best time to get to know your founders, VPs and investors. They might come handy down the road :)

There are so many investors, there is a possibility that your concept might suck.

Not totally true - but close. What you want to do is find Angels that know your space (or are excited by your space). An Angel has hundreds (thousands?) of options of things to invest in - they won't invest in you unless there is something familiar to them - they know YOU or the SPACE are usually two good ones. Have you investigated the Angel community to see who knows the area you are focused on?

I've heard it said that the best time to start fundraising was a year ago. The next best time is right now. Investors will want to know you for a while before committing, get to know some now, explain what you're trying to do, and then when you go back in six months they'll be able to see how much progress you've made. That way, they'll not only see your idea, but also know that you can execute because they saw you get from point A to point B.

Why do investors want to give you money if you have nothing to prove to them?

See above. If it was your money, who would you give it to, people whose business has some validation or to people who have nothing but an idea? There's competition amongst entrepreneurs for capital too, you have to compete with validated businesses.

What ever happened to building a business the old fashion way. One baby block at a time. "boot strapping". You guys are all programmed to seek investment and all this other crap the industry feeds you. Revenue first. Let everything grow slowly. I know.Then you're afraid of someone squashing you in the market and your dream is dead. Turtle wins the race .... Let the rabbit die.