Interesting claim about homogeneity of early-stage investors negatively impacting startup performance.
One possible explanation is that if two investors decide to work together and they don't have similar backgrounds (like college or previous workplace), it might be because have a really good independent reason to work together -- one that's actually relevant to the company they're funding.
Having gone to the same college as someone might cause one to have an irrational degree of confidence or trust in that person.
One possible explanation is that if two investors decide to work together and they don't have similar backgrounds (like college or previous workplace), it might be because have a really good independent reason to work together -- one that's actually relevant to the company they're funding.
Having gone to the same college as someone might cause one to have an irrational degree of confidence or trust in that person.