It's not uncommon for VCs to have policies of not funding competitive startups, it's in their own interests as well as the startups. If a VC has funded two com

It's not uncommon for VCs to have policies of not funding competitive startups, it's in their own interests as well as the startups. If a VC has funded two competitors it means the startups become reluctant to share information with the VC, the founders of the first startup become unhappy with the VC and follow-on rounds become very messy and cause bad politics. Certainly it happens (in some cases due to pivots, etc.) but I imagine it's something that most funds would prefer to avoid.