Read on Twitter
1/ Have recently been discussing what resources can / can’t be shared across VC firms. A quick thread 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">:
2/ You can (and should) be willing to share diligence material or insight. Lots of network advantages to being easy to work with... makes you a better partner as part of a round, can help startups quickly close investment, and improves deal flow long term.
3/ Limited downside to this imho, as the actual information usually isn’t proprietary. If you’re concerned that sharing your data points is giving away trade secrets then you *may* have secret sauce but real differentiation is “deep, rich flavor.”
4/ But this is why you can’t share resources like associates across firms / why someone may be great at one but terrible elsewhere. If you’re differentiated and have a durable competitive advantage then you have your own way of thinking about company selection / value creation.
5/ The more specific your strategy (industry, business model focus, etc) the harder this would be. This should also impact hiring. Easier to hire someone from industry who intuitively grasps your earned secret and teach them to help you invest.
6/ Someone can google stuff for you. But interpretation isn’t something you can easily farm out. Can share diligence, but the art is hard to outsource. Isn’t one right answer for all strategies... difficult for one person to capture all important nuance across several strategies.