> Imagine that $15 million dollar invested in $50k USD increments into 300 startup ideas, the jobs that will be created, increased human capital and impact on t

> Imagine that $15 million dollar invested in $50k USD increments into 300 startup ideas, the jobs that will be created, increased human capital and impact on their respective local economies, that are not there because of risk adversity (it still amazes me VCs would shun risk but still throw around "venture") towards people of lower class then them. For example, somebody coming straight out of university vs. the daughter of a CEO at a large company who also attends the same country_club/religious functions, suddenly looks like a safer bet. This doesn't make sense. I'm fairly certain that a random person graduating college is a worse bet than a random person who is graduating college and is also socially well-connected. I imagine that 300 startups started by people who are both college graduates and socially well-connected have better odds of success than 300 startups started by randomly-chosen college graduates.