Last one from this side — is the startup world actually a meritocracy, or does it just tell a better story about being one than most industries?

Options

• Closer to a meritocracy than most industries, even with its flaws.
• Tells a better story. Network, timing, and background matter enormously and get underplayed.
• Meritocratic at the idea stage, deeply unequal at the funding and access stage.
• Doesn't matter what it "actually" is, what matters is that everyone in it believes it is.