When I was younger, I used to think investment success was about 80% the fundamentals of the business and 20% your social connections and ability to get in fron

When I was younger, I used to think investment success was about 80% the fundamentals of the business and 20% your social connections and ability to get in front of people with decision making power. I now think it’s closer to the reverse - especially if you’ve raised money before. I can’t find the link now, but there was a good piece in Money Stuff about how previously being a CEO is a major requirement for future CEO jobs, even if you lost millions and did your job horribly.