Marc Andreessen says warm referrals to VCs aren't gatekeeping, they're a test. If you can't get introduced to investors, you probably can't recruit talent or close deals either. The referral is the first filter that matters.
Chapters
And so the way that most of the top end venture capital firms work is basically they'll take you seriously if you come in introduced by somebody they've worked with before, and they won't take you seriously if you don't. And there is an argument that plays out in the Valley, which is that that's sort of unfair and unreasonable. And, you know, what about all these, you know, you guys talk about all these founders all over the world and like, why can't they have access the way the people who are already connected can? The argument in favor of the warm referral is that it's the first test, and it's the first test of the ability to basically network your way to the investor. And basically the way the investor thinks about it is if you can't figure out a way to network your way to a VC firm, which is of course in the business of meeting founders, then you're unlikely to be able to network your way into hiring a great team or network your way into selling your product to customers. And so actually, I think that the role of the warm referral is misinterpreted. I think you just view it as like, it's the first test. And so I think it's a test that you just want to pass. You don't want to take any chances on that.