Earlier quoted context omitted.
You can be a cofounder with all those attributes, regardless of VC. You could also create something so compelling that VCs would overlook any concerns like that when it got to that stage of needing further investment.
It's not as easy for startups to create vertically integrated hardware devices these days.
Secondly, even in hardware, there are opportunities like Kickstarter where anyone bold with a well-presented or confident idea can get some backing. There's a bottle-opening-iPhone-case on there (something that might be presented as a sketch on a comedy show and ridiculed) with $20-30k behind it! I was hoping that was a joke.