The median investor's first question is "who else is investing?" The reason really good investors don't ask this is not because they're more disciplined, but because averaging their opinion of you with those of other investors would decrease its accuracy.
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Replying to @paulg
I don't care who is investing when I am as it's typically super early. But I do like to know that a VC I think highly of is leading the next round
2 replies 2 retweets 17 likes
Replying to @_RHoward
Yes, Peter Thiel said this was the most consistent pattern he'd seen: that when a top VC leads a later round for a company you've invested in, you make money from doing your pro-rata. But this is arguably a different judgement, since so much has changed by that point.
2:34 AM - 29 Jun 2020
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