Probably from a more prestigious university or family background, which can cause some of that prestige to “rub off” and can assist in fund raising. In startup

Probably from a more prestigious university or family background, which can cause some of that prestige to “rub off” and can assist in fund raising. In startups this phenomenon takes the form of hires, board members, or advisors with all the right names in their CV (Stanford, Google, etc.) brought in to pump up the company’s prestige points in the eyes of potential investors.