Surprised The Economist published this misguided puff piece. And even more surprised these researchers haven't seemed to grasp the idea of correlation not equa

Surprised The Economist published this misguided puff piece. And even more surprised these researchers haven't seemed to grasp the idea of correlation not equaling causation. "If one investor of a pair has a degree from a leading university, this adds 9% to the possibility of their selected firms reaching an IPO; if the second does too, that adds a further 11%." Really? Generally, the article seems to imply that VCs are the sole drivers of success/failure of a company. There is a great deal of opacity around VC and Pvt Equity performance so data-driven research and insights would be great, but unfortunately, the research fails to deliver any meaningful insight to push the conversation forward. Shameless plug - our firm has been studying co-investment relationships between firms as part of some new tools we're developing and recently looked at Sequoia, Accel and Kleiner Perkins co-investment relationships. Might be of interest to those who read this article. http://www.cbinsights.com/blog/venture-capital/investment-syndicate-coinvestment-relationships http://www.cbinsights.com/blog/venture-capital/investment-sy...