When I examine my "dog-shit-in-a-paper-bag-lit-on-fire" Angel Investment Web3 portfolio from the early 2020's...

1, About 70% of the companies I invested in still continue to survive despite not having raised money since 2022.

2, The 30% of companies that went tits up were recommended by established suit-wearing-tradfi-pedigree crypto VCs in the space and wanted a follow-investment from myself for credibility.

3, The Founders of the companies that I personally invested in are scrappy AF and continue to scavenge for opportunities, continuously cut their own salaries and build voraciously... either into the void or to immense success.

You can't replace resilience and determination with a Brooks Brothers suit and a Fiverr PPT.