Interesting challenge, but it seems they look for a lead investor as the first signal of quality for the investment. As a result, it's questionable how much ad

Interesting challenge, but it seems they look for a lead investor as the first signal of quality for the investment. As a result, it's questionable how much additional value their algorithm is uncovering/adding to their decision as a follow-on investor. Said another way, if Sequoia or Kleiner or Union Square are investing and Correlation then gets to see the deal, I wonder how many deals their algorithm would pass on. If this was truly algorithmic startup investing to be the lead investor, it'd be much more interesting. But this method of using social proof as the first filter seems like business as usual. That said, I imagine this is a great approach from a marketing perspective when raising the fund and reaching out to investors (LPs) as it clearly differentiates the fund from a thesis/approach perspective.