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> Merit students clearly get no benefit. If the merit students have talent and not so much money, wouldn't you want them to rub elbows with legacy students who
by cobbzilla 7y ago
> Merit students clearly get no benefit.
If the merit students have talent and not so much money, wouldn't you want them to rub elbows with legacy students who maybe have lots of money but not so much talent?
Entrepreneurs need investors.
- tathougies 7y agoBut they do just as well if they hadn't rubbed elbows with legacy students. That's what the study found. > Entrepreneurs need investors. Investors also need entrepreneurs to create the mechanisms of wealth creation. Aside from angel investing, most VC money is via institutional funds (perhaps with substantial contributions from individual accredited investors). The VC, as a steward of others money, needs to find entrepreneurs who are able to drive a high enough possibility of a great rate of return. Actually, given that there are entrepreneurs who were able to make it without large substantial investment, whereas there are no investors able to make it without the involvement of entrepreneurs, I'm going to hazard to say that investors need entrepreneurs more than entrepreneurs need investors, even if marginally.