[vecter]

> This just reinforces the idea that raising VC is more about your background than it is about your ideas or ability to execute.

At the seed or pre-seed stage that Matt was at, what else would it based on? If you have no product or barely an MVP, you're almost certainly not near product-market fit and you probably have close to zero traction. As an investor, you have practically no signal to go off of at that point.

Ideas aren't worth much at that stage, so ability to execute is key. And given that there's been so little done, the best signal for someone's ability to execute should be their background.