Interestingly, after crunching the data, this is not true.
In reality, companies who receive money from a larger, multi-stage fund actually raise follow-on financing at a higher rate than those that raise only from dedicated Seed VC firms who presumably care more as they're more invested (or that's what they'd like you to believe :)
While Chris Dixon (prior to joining Andreessen Horowitz) and others have championed the idea that large funds don't care and are just investing in seed rounds as a call option for future rounds, the data just doesn't support this contention.
We were as surprised as everyone else when we found this.
Full research brief we published on this here - http://www.cbinsights.com/blog/trends/seed-venture-capital-f...
Disclosure: I'm co-founder of the firm, CB Insights, that put this research together. We sell data to VCs, LPs, etc.