social proof will always be valued
You can recognize the Bad Investor Bird by its distinctive call, "Who else is investing?"
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Interpretation: "I don't know what I'm doing and therefore have no conviction without outside validation."
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Makes much sense now. I used to imagine they really needed proof that this idea will fly. However, I guess smart investors don't ask that. Many thanks for this insight, Big
@paulg - Show replies
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To which the perfect response might be: “investors who don’t need to ask this question.”
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Closely related to "what are you investing in?"
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Following increases a fund’s likelihood of failure. Research from GSB shows when VCs use others’ investments as market keys, the companies in which they invest suffer “harm” in the form of market viability, investment and likelihood of IPO https://blog.usejournal.com/ban-warm-introductions-1e69169d57ba … …pic.twitter.com/eoGdwIaG0g
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Those are the “very” smart followers ...
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It could be laziness too
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