There's a theory I have heard by the venture firm I am mentioning, which is that young smart and talented people are commonly locked inside some management consulting firm/elite career. They dont have the proper skill set (tech/startup) to start a company, but are highly capable. Funding those people (elite under grad, few years experience at McKinsey) can have a good outcome, and providing them a framework can lead to success.

But what you're saying is the very act of hustling to get a business off the ground is a positive indicator, and without it, makes the idea/company non investable. Furthermore, the equity breakdowns make it less of an attractive investment in future rounds??

Appreciate your comment, trying to read between the lines of it