I completely agree with this. I don't honestly feel people of good faith need to deal with complicated rules or institutions. But not everyone is willing to go that route, so this is an idea which might serve the other 99%.
First off, it might be the case that anyone could be worth investing in (in time, money, energy, expertise, caring). I think if done right, it's true for everyone. I don't really have it as a goal that just the "talented" people are invested in. Just that that is the obvious place to start.
And I think that if someone who is talented is already well-connected or has a rich family, this would probably have little use for them. But, for someone who is ambitious and hard-working but starting out from a low place, this would be a boon- they need some kind of support, more than anyone else. If they could find others willing to create "trust relationships", presumably they would do it, since that is obviously a better deal. But few seem to manage it :/.
I sometimes wonder whether it isn't that 1% that carries the weight of society. And the Internet lowers the barrier to creating new trust relationships from scratch. If you were interested in that sort of thing, be my friend.
While a startup for startup has to meet what market wants, instead of protecting alumni, professors and students.
If a startup for startups to serve their needs will be successful, it will not be like an elite club (because as a young startup, it wants all old businesses out and be replaced by it and it will be there until it will be replaced by other startups). But a new business that requires much lower fee like recruiters/VCs but provide better benefit/cost for startups to acquire resources.
However I don't like this idea at all, it's what creates elitism and closed circles in the first place. Our society already is institutionalized to the hilt, I wished people again found their natural ability to create trust relationships, from scratch.