The worst part of this problem is again that many non-crony, first-time entrepreneurs, regardless of how compelling their business model is, how great their mar

The worst part of this problem is again that many non-crony, first-time entrepreneurs, regardless of how compelling their business model is, how great their margins are and how great their team is, still get a hard time and struggle to get funding. Who cares? I think the real issue is that there seems to be a large number of entrepreneurs whose primary goal is to secure funding. If you can't find an investor, make a plan. Change your business so you don't need external funding (it should start out like that anyway), network, look overseas, work harder so that your business is more appealing etc. If your business is so great, you will find an investor. There is no need to play the victim and claim that "VCs" only fund their friends and fundamentally flawed businesses. Even if, by some wild stretch of the imagination, that is the case, who cares?