A new research study shows that major VC firms are increasingly converging on the same investments. Among the seven majors — Sequoia, a16z, Accel, Lightspeed, Bessemer, General Catalyst and NEA — a third of the seven’s money now goes into rounds with three or more of them, up from under 6% in every period before 2024.

(discovered via https://www.thebignewsletter.com/p/monopoly-round-up-wall-st...)