>> An investor shouldn't be judging you based on the judgement of another investor. Hah! You're right of course, but this happens all. the. time. Investors and VCs are far from immune to herd mentality.
There is the chance the other investor knows something you don't know, etc. which means it isn't necessarily zero-information.
Rarely. It's mostly a game of "i'm too chicken to make decisions on my own."
VCs love love love the joke of "We're supposed to be all about new unproven dynamic ventures and insight into the future, but we're so risk averse! lol!!!!"