Through venture funding, rich people legitimate startups. Thus, they confer value upon the startup. They then use their ridiculous money and connections to “advise” and “mentor” those they deemed worthy of capital so that they can use this capital to build a future people like Paul Graham expect to see.
Paul Graham is Still Asking to be Eaten
Holly Wood, PhD 🌹

He’s also on the record as more likely to fund your company if you look like Zuckerberg, though he’s redacted some of the writing on the Y Combinator applicant page in favor of an apology. Or something like that.

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