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Re:Picking Winners: A Framework for Venture Capital Investment by pge on Monday June 26, 2017 @10:16AM (#14636950)
5 is the often overlooked one. The quality of the opportunities that at one sees is a huge driver of ultimate returns. Two equally skilled VCs with differing quality deal flow are going to have different returns. So brand and networking are material drivers of return.

I would argue that that applies to more of the names you reference than just Doerr. For example, the early success of YC with dropbox helped drive better deal flow for future deals.

Re:Picking Winners: A Framework for Venture Capital Investment by startupdiscuss on Monday June 26, 2017 @12:01PM (#14637786)
That is an excellent point (that many investors rely on increased deal flow from early success). It sort of pervades the other "styles"