The way you phrase this reminds me of what I studied happening in the hedge fund world, in that some of the &#x27;top performer&#x27; funds only out-performed the market due to insider trading. Galleon (Raj - convicted), SAC (sanctioned), and probably a handful more that got spooked out of the avenue of enrichment. It almost seems - almost - like there may be a similar insular community whereby those who feel like piling in will only do so when it&#x27;s a consensus movement play.<p>You know, kind of like how Bernie Madoff took hundreds of millions from established, regulated entities because the &quot;word on the street&quot; was he was, well, just front-running. Though illegal, that was an acceptable explanation for the consistent returns that prolonged a dirty business model. Well, we&#x27;ve learned how that all turned out.<p>Is there a moral to the story? Probably, but I&#x27;m not sure the startup culture would like to have to start questioning &quot;angels&quot; and their cohorts. YMMV.