Venture capital has traditionally been an industry that revolves around relationships. VCs invest in a startup’s idea but their conviction stems from the folks behind it. This largely makes sense because investing in a startup also usually entails entering a years-long relationship.
But backing companies based on the allure of the founder hasn’t always worked out. Indeed, it often gets investors tied up in companies destined to collapse for one reason or another. And depending on warm intros or networks also limits the amount of startups an investor considers, which further alienat
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