My anecdotal experience is the junior VCs tend to form small groups and share deals with eachother. This works because they are measured on deal flow so it is m

My anecdotal experience is the junior VCs tend to form small groups and share deals with eachother. This works because they are measured on deal flow so it is more important than competing. They know who the senior partners are competing the hardest against so they usually won’t collaborate with those firms as much.