When you held Startup class in NYC. You brought up a few founders who were invested in... and what struck me was that each of them had previous relationships to their investors.

For example I heard at least twice from an investor: "I've known john for years prior to him coming to me with [insert company name here]."

So my question is, do you think there exists a "good ol boy's club" in SV that increases the chances by a great deal of getting funded? Or do you believe the playing field is even for those who don't have those kind of connections?