The sour grapes is unappealing but this lament is not without cause ;-) The problem is 'due diligence' on a startup's prospects cannot be reasonably made and s

The sour grapes is unappealing but this lament is not without cause ;-) The problem is 'due diligence' on a startup's prospects cannot be reasonably made and so investors end up making gut decisions, masked by performance rituals of due diligence, the role of which is ultimately to increase the investors confidence in what actually is a simple roll of dice, as well as providing plausible deniability for making this gamblers choice. As for why the talentless get chosen - chose any combination of name recognition, form fitting for preferred narrative of the day, social proof, in-group bias and proximity bias