That seems like a smart strategy. People who are connected are likely to succeed at higher rate. Wasting taxpayer money on funding startups (which fail 99% of

That seems like a smart strategy. People who are connected are likely to succeed at higher rate. Wasting taxpayer money on funding startups (which fail 99% of times) seems like a bad idea. Not to mention startup investing is more like a specialized area, more specialized that investing in stock markets of hedge funds.