Something that might scale better is just having a rating out of 5 for each of the different areas e.g. team, progress to date, risk, potential reward, quality of idea etc.
At least it would allow them to focus on specific areas.
We're working on a way to do this.
Suggestion: when you folks send out that "You were in the top 10% of startups....please re-apply" email, would be great to receive it along with the rejection. Would be a much needed ray of hope at that point :-)