I meet people every other week that were not born into connections, in fact they may not have any connections today. And yet, they're fundable: they have a product, they have some level of validation, they may not even be looking for money outright (the money finds them as often as not).

Some of these teams blow me away with their technical expertise, plenty of these guys & girls have had a life full of headwind and yet they push on. The one common factor: they don't complain about their misfortunes (perceived or real) they just keep pushing forward. I'm seriously impressed with that, being born into anything has nothing to do with it whatsoever.

Finally, yes, being born into connections can help. But I've seen lots of people that were born into connections/wealth end up losing it all in a very short time.

VCs for software make good sense in many situations, companies that are still on the losing side of the equation that want to sew up the market before a competitor comes along (not all software is throwaway apps), international expansion, horizontal expansion across several niches. All of these cost money, and sometimes bootstrapping just isn't enough (especially with older founders).