The problem is, Sequoia or Ron Conway need to have heard about the startup for them to call it. By investing in this fund, they not only get to hear about it be

The problem is, Sequoia or Ron Conway need to have heard about the startup for them to call it. By investing in this fund, they not only get to hear about it before others but also get to monitor each as it grows, find out more about the co.s than other investors, which would help them make a better decision on whether to invest directly and at at what valuation.