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What are some "unfair advantages" that founders can have when raising VC funding? I'll start with my list but would love other suggestions.
I've been around the block a few times and for the most part don't have a lot of respect for VCs. I don't have disrespect mind you. I think they're just doing a job though. They're just not doing anything special other than finding leads for interesting companies to fund. However, I've seen them act irrationally before and fun things/people that literally make no sense. There are CLEAR unfair advantages that some people have. I don't want to play fair though and I want every unfair advantage I can get. I want to be clear that these are OUTSIDE of having amazing growth numbers. Here's a list of some that I've created and I'd love a more exhaustive list if you can think of any more: - Graduate from a famous university (Stanford/MIT) - Work at a Unicorn (Google, Meta, etc). - Be tech-famous and have done something that's super respected in the industry. - Be a domain recognized expert in a super hot field. - Sleep with the VCs. (Yup. It happens.) - Have a good network of people that can give you warm introductions. - Get accepted to YCombinator or some famous incubator - Come from a rich and influential family - Strong personal brand or social media following - Be in an in-demand demographic or profile for funding diversity initiatives. - Exploit nepotism or family wealth to get early traction. - Capitalize on the hype of the industry at the right time, even with minimal traction. - Create a fake demo PoC that makes your product look like it's way more powerful than it seems (Theranos)1
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