My friend is trying to explain to someone w/ a Harvard MBA why the 90% net income margin in their financial model is not believable.
... and yet, in the end, most VCs still end up investing in people with degrees from Harvard and Stanford; coz it's takes talent to spot talent, and a lot of work to support and nurture it. If they fail, it's not the VC's fault; if they succeed, the VC made smart investment.
Murali I think that statement might be a bit over the top. I know plenty of unemployed / unfundable ivy league grads. It's not a magi…