Where does it fail? The idea that an arXiv article on the MIRAGE-VC framework "informs" directly the obtaining of Series A funding is an oversimplification that ignores market mechanisms.
The failure mode is the jump between academic publication and practical validation without concrete proof of actual performance.
In Japan, institutional investors, influenced by funds like the GPIF, require thorough due diligence and tangible evidence of commercial viability before committing capital.
A predictive model only becomes relevant after demonstrating its ability to generate consistent and auditable results in real conditions, for example by validating its predictions with market data post-publication or proving its utility via POC with established VCs.