Dumb money destroys the arbitrage of groundbreaking innovation, as its subpriming has proven to subsequently subprime innovation intake. As in the words of Einstein
The theory determines what can be discovered. — Albert Einstein
Hence, what you need to become a successful venture capital investor (producing say 7x in 7 years) is an ability to align with the foresight of an entrepreneur uniquely. A vision attached to an unprecedented new and better normalization of truth derived from a discerning view of how the world is supposed to work rather than does.
Meaning, money alone will not make you a successful venture capital investor. The ability to help outliers achieve their unique trajectory to the upside from breaking the norm does.
Hence, you need a brain, the one thing money cannot buy.
