Warm intros still open more VC doors than a genuinely great cold pitch. Is that just how relationship-driven industries work, or proof venture capital has a real access problem?

Options

• How it works. Every high-trust industry runs on relationships, this isn't unique to VC.
• Real access problem. It quietly filters out great founders who don't have the right network.
• Both, but nobody with the network wants to admit the second part.
• Cold pitches work more than people think, they're just harder and rarer to do well.