[alexpetralia]

It's possible that the goal of VC is _not necessarily_ to make the highest performing investments, but rather _convince_ prospective and existing LPs that the VC is making the highest performing investments. After all, the LPs pay the management fees. In order to do this, you need to sell a good story, and a good one to sell is one that is already established by social proof: "Look at these scooters taking over cities - don't you want to be part of it?"