You can't believe it, because you think there's a rational process involved in investment decisions. After watching how things go for some time, I came to believe that who you are and what connections you have is far more important.
It is a rational process. The mistake is in thinking that anyone involved cares about technology or value delivered to customers as anything but an afterthought.
If only we could have that money for our Lynx[0] headset...
[0] https://lynx-r.com