This is true, but not for the reasons given in the article. VCs largely follow each other's lead - they're interested in deals that others are interested in.

This is true, but not for the reasons given in the article. VCs largely follow each other's lead - they're interested in deals that others are interested in. If one VC refers you to another, but that first one isn't investing, you're automatically damaged goods. You can and should be getting better referrals into investors than that. Entrepreneurs who have made the investor money in the past or are doing well for the investor in the present are the best.