So what are your thoughts on the "signaling" issue if you only follow on in 20-30%? What do you recommend the other 70-80% tell investors?
2) 500 is usually a minority investor in following rounds, so decisions still likely made primarily be lead investor
3) if companies and follow-on investors are more worried about our decisions & subjective assessments rather than the company fundamental business metrics, then there is already a problem.
we are in this business to be successful and make money. much as aim to help all of our founders, we sincerely hope they are too.