The system of unwritten rules is not only broken, but also elitist and naive. Majority of founders don’t have relatives or friends that can give them thousands of dollars with little promise of repayment. If they do, it rarely comes with experience and expertise. These same founders aren’t part of the exclusive social circles that angel investors frequent. Finally, living in Silicon Valley in the shadows of the tech elite is the exception, not the rule for most.
Going Full Tilt
Anthony Pompliano

Too true.

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