Can anyone explain why on earth VC's are making actual investment decisions based on imaginary internet points ? This would be like an NFL team drafting a quarterback based on how many instagram followers they have rather than a relevant metric like pass completion, or god forbid, doing some work and actually scouting candidates. Maybe the Cleveland Browns would do that[0], but it's not a way to mount a serious Super…
It’s not that they’re necessarily careless, it’s just that the bigger the net the more fish you catch. And when you own both all the fishing boats and all the nets…might as well cast wide.