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George Goognin's avatar

It mostly works for the founders with the right geography, colleges, and/or employment experience in fancy unicorns. The other 99.99% of the founders can't feel this gold rush. At all :)

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Anindita Ghosh's avatar

The biggest reason is poor deal sourcing techniques ( hardly any science and only network) leading to the same network, same deals and an artificial access based competition. VC deal sourcing is the most unscientific procurement. The gloating over warm introductions makes the VC central and not the deal, idea or founder and therefore not the asset class. As a founder, I find the underlying assumptions difficult to comprehend logically.

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