I've had long conversations with two self-made billionaires, one, many times. Really bright? Yes, but it's more than that.
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Self-made men in business have the right heuristics, and they cycle through them fairly rapidly. Now as for VCs:
Some are smart, some are not so smart. But, in any case, being presentable and good at communication is a prerequisite.
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If entrepreneurs are wrong, they fail, VCs, not necessarily, journalists, it doesn't matter. Keep that in mind. Also communication /= brains
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