The best VCs have basically created a self-fulfilling prophecy: many of these firms do well BECAUSE the top VC firms invested in them. If a16z or KPCB invests i

The best VCs have basically created a self-fulfilling prophecy: many of these firms do well BECAUSE the top VC firms invested in them. If a16z or KPCB invests in you, it makes it a lot easier to get press and additional rounds of funding from other VCs because one of the top firms "blessed" you.