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Getting a position via networking isn't entirely devoit of merit.
Someone you know is good already from direct experience is a known.
Someone you didn't know is an unknown hence a greater risk.
I guess both…networking helped me to secure an unpaid internship which then has materialized into an offer to join on as an analyst.
VC is so difficult to break into, so use whatever means you have at your disposal.
Both. Networking is mandatory though