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> That is if you took the top-tier angels today then the investments that they make over the next year will do disproportionately well compared to other angels.
by balls187 12y ago
> That is if you took the top-tier angels today then the investments that they make over the next year will do disproportionately well compared to other angels.
Do you think that has to do with a virtuous cycle, and not say any magic in investment thesis of these angels.
Said differently, because of Ron Conway's position, he gets first pick of all the best deals, which have a higher likelihood of success, because in part they're connected to Ron Conway.
- akrymski 12y agoOf course. Just like Buffett gets deals that others (even with billions) simply can't get. Reputation matters much more than your investment thesis.
- burger_moon 12y agoAnother thing that kind of builds off of this that I've been thinking about lately after reading sama's blog posts. Do top VC companies that make predictions on the future of big companies shape the outcome of future startups? For example, if all the top VC firms are saying widgets are going to be the biggest thing in the next 10 years, does that cause enough of an influence to create that market and persuade people to go into that field rather than the one they were already intending on?
- akrymski 12y agoMost definitely. It's kinda like technical analysis in stock markets - it works because it's a self-fulfilling prophecy, people vote with their wallets. At the end of the day consumers don't really know what they want before it's marketed to them, as Steve Jobs has shown time and again.
- joshu 12y agosome of that, yes. also, you get to understand what good deals smell like.