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You forgot to add the sheep VC. The VC who mostly invests in companies where top VC brands are invested.

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Haha... I guess this investor might be part of all three camps? Signalling and herd mentality is certainly human bias, but looking at historic data it seems to be a great predictor for success too. Hypothesis: Gravitational effects - The better investors and more capital join your mission, the easier it will be to attract even better investors and more capital. Wdyt?

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