I completely disagree. I think WeWork and Theranos are causing a ripple effect in all stages of VC right now. No one wants to be the investor of the next catastrophic failure.

Investors are looking under the hood to ensure the company is real, has something that can scale, and that the team can legit do the work.

Anything else is a dated view of how to grow a business. If a CEO wants to be an influencer then run the marketing department and let a real CEO run the company.