[zentiggr]

So first time leaders are out of luck, or have to be stellar. Gotcha.

And women even more so, not because of any inherent differences in anything but the selection process biases.

Women of color even more so, not because of any inherent differences in anything but selection bias.

Just watch the biases and the whole process even out to an actual chance for all the ideas floating around.

Doesn't have anything to do with teams or ROI when you're talking to a first time pitcher.

[jjeaff]

It all just boils down to the reality of the VC world and that is that none of them have a clue what they are doing.

They might as well bring in a psychic to pick their investments. But they can't let their LPs know that. They've got to justify their fee and so they will do it the safest way possible which is to be copycats or at most choose the most defensible options.