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This isn’t a ‘success formula’—it’s a filter investors use to minimize risk. They’re just betting on the same safe profiles instead of genuine disruptors

But still it tells you a lot about whom investors fund. and building a disruptive startup is hard without funds

I don't agree with your point, if your product (start-up) truly help customers and fullfill their need then investors automatically comes to your door or even your customer gonna help you with crowdfunding.