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I can say with high certainty that I need to show more to an investor to get that $300k than other more privileged founders. I can not be like Billy McFarland, I need to prove profits period. VC is not a meritocracy and people are mad about it but nepotism can be super successful
Most people who raise money in Silicon Valley are not from Silicon Valley. Many are immigrants who came knowing no one.
I don't think that's how the industry operates according to Harvard Business Schoolhttps://twitter.com/HBSgender/status/1182309862274977792?s=20 …
50% of startups with a $1b valuation have at least one immigrant founder.
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