Venture Gossip Girls?
New research from my alma mater suggests that preparation for a career in venture capital might include a lot of time watching the WB network. In the brief paper, the author’s note that given the low industry barriers to entry, established venture firms form cliques in much the same way that popular teens preserve their social hierarchy by establishing themselves as the cool kids.
Specifically, “venture capitalists in tightly networked geographic markets discourage new entrants by using some of the same behaviors exhibited in high school hallways.”
Well then… catfight anyone?