Matan Hazanov (YouTuber and VC investor) examines whether venture capital is accessible to less-wealthy founders, referencing an article by Steph Nasser (OpenVC). He argues that founders without savings face substantially greater personal risk (no salary buffer, family obligations), which makes them less attractive to VCs — leading to the conclusion that venture capital is not "poor friendly."
You may be too poor to raise venture capital there's an interesting article going around written by Steph Nasser of OpenVC, that venture capital is not poor friendly. It means those that are already successful and wealthy are much more likely to raise venture capital and of course succeed as a result of that and even build more wealth. So is Steph right? Is he wrong? Is he half right? We'll get into it in this video. My name is Matan Hazanov. I've been investing in venture capital for over 10 years. Founders that don't have wealth are taking substantially more risk, which makes it much more difficult to invest in them. Think about it like this. Imagine you have no savings. You have a family, right? And you want to go and start this business. It's high risk. You can't take a salary for a very long time. If there's any hiccup in your business, you're done. VCs don't want to get into that kind of situation if they can avoid it. And so it may seem harsh, but the conclusion is that venture capital is not poor friendly.
