[sheri]

> Now, white well educated people with well-padded resumes will probably have easier access to venture capital, but that brings me to my next point.

Isn't this really the key here? I agree with your other arguments about ultimately needing to have fluid intelligence etc. But assuming two people (one white, one black) have the same amount of intelligence, smarts etc, but one raises $10 million from Sequoia and the other doesn't. That pretty much makes the difference between succeeding and failing. There are ideas which are so world-changing or brilliant that the market and VC's just can't ignore their eventual prominence (Google maybe?). There are other ideas which need lots of capital and talent injection in order to nurture them to the point where they are big.

[coffeemug]

Of course! But in the startup world you get to pick your market, your product, your idea -- everything. If you don't have access to capital, don't pick an idea that requires a large capital injection before product/market fit because that's where you have the biggest advantage. You get to pick your battlefield here, and if you're smart you'll pick one where you have the advantage.

Once you get to product/market fit, you'll get capital no matter who you are or where you come from. The market pressure is too strong for people not to invest.