My experience in trying to raise capital is pretty similar to the author's, and I'm a white guy. However, I don't think that detracts from her point. If the sy

My experience in trying to raise capital is pretty similar to the author's, and I'm a white guy. However, I don't think that detracts from her point. If the system were more meritocratic, the demographics of people being funded would more closely match the demographics of the world. But it's actually a game of personal connections, theater, and psychological manipulation that has little relation to competence in most business domains. I think VC (and financial) culture in general is totally broken and far from meritocratic, unless you feel that getting good at the wealthy-capitalist-image-of-success-signaling metagame is a measure of some kind of merit.