Money is not given to good ideas (though, it doesn’t hurt). Money is given to friends. If you look at how VC (or really any network) funding circulates, it’s just people who are allowed to enter that circle and money just flows between them constantly. On one hand, you have trusted people who you are willing to give money, on the other hand, this inherently creates a clique.
It reminds me how the Bohemian Club’s slogan, “Weaving Spiders Come Not Here” is a bit farcical given that it is impossible for the club members not to engage in commerce.
It reminds me how the Bohemian Club’s slogan, “Weaving Spiders Come Not Here” is a bit farcical given that it is impossible for the club members not to engage in commerce.