Great post. Just a thought to add to the reasons: at least some investment firms approach markets proactively and will work hard to identify emerging market op

Great post. Just a thought to add to the reasons: at least some investment firms approach markets proactively and will work hard to identify emerging market opportunities and seek out the early innovators and strong teams -- especially in areas where there are first mover advantages. Their strategy is to identify the strongest team and earliest leader in the space and fund it to help it move fast. By definition if a company wasn't on their radar months ago, it is behind the curve.