New VC invests money in new startup. Fingers crossed. VC gets lucky as startup gets lucky. Luck turns to influence turns to power. VC is now powerful. New startups want powerful VCs, not lucky ones. VC now has the real "milkshake that brings all the startups to the yard."
Тем кому не хватает "чудиковатых изгоев" в стартапах, приезжайте в Берлин, тут нас много )
TL;DR: Power laws, all the things.
New VC invests money in new startup. Fingers crossed. VC gets lucky as startup gets lucky. Luck turns to influence turns to power. VC is now powerful. New startups want powerful VCs, not lucky ones. VC now has the real "milkshake that brings all the startups to the yard."
Rinse, repeat.