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You nearly hit the nail on the head but just missed, provoking in me, as an audience member of this discussion so far, the sense of mixed frustration and embarrassment the audience feels when the star performer (e.g., a marksman) almost gets it but then misses.
You need not to just "hire alumni faculty like Sudhir", you need to hire folks with Sudhir-type (or even better) backgrounds as VCs themselves. Then this conversation can continue.
Why do their VCs not hire tons of NLU alumni faculty like Sudhir? Dirty politics the reason?