[jacques_chester]

We're humans.

So pedigree matters.

If I got a buck for every startup story of the form "When I was a freshman at Stanford...", I could probably afford to go to Stanford.

On the upside, there's a juicy chance here for canny investors to try and find underpriced opportunities of the form "When I was working at the video store ..."

[mbesto]

Yup. Investors will always conclude their assessments of founding teams based on their chosen narrative.