We are social creatures despite denying it and pretending to be logical. That means we do things based on who we know. VC is all about who you know. Startup suc

We are social creatures despite denying it and pretending to be logical. That means we do things based on who we know. VC is all about who you know. Startup success in large part is about who you know. That isn't to say work isn't involved but there are plenty of smart and hard working young people who have no network and can't break in. This isn't the meritocracy people like to think it is. Groupthink did bring down SVB in ways big and small. There are more guys in VC named Andy or, to choose a totally random name, Peter, than there are non-guys, and they know who they know. The point isn't to shame people in the system, but just like diversifying investments is good not for show but because it actually works, we need better tech elites who have a way way way broader understanding of the world and the only way that's possible is to have people in this world from a far wider range of backgrounds.