[darawk]

> That’s my point, their success was in making an elite social group, not in any special VC strategy. The only way to replicate their success (if that’s what you define success as) would be to somehow supersede their reputation as the most desirable club.

The reason their particular club became elite is that they developed a reputation for helping people to succeed. And they developed that reputation by doing it, repeatedly. That is what I would call a successful VC strategy.