Most VCs preach being non-consensus and right. Most funds are concsensus driven.
Can someone please explain this to me?
Additionally, many GPs’ angel portfolios out perform their fund investments.
Something doesn’t compute... 
Non-consensus = higher cost of capital Rather bet on the things that are (easier) wins than the hard shit that takes ten weeks of intense study to become obvious
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I think that ties into
@ericbahn's point around momentum investing too. If all the hot-funds are doing it, I suspect people ask fewer questions. It's an easier sell.Thanks. Twitter will use this to make your timeline better. UndoUndo
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