This groupthink happens because of a lack of diversity and the exclusion of wide ranging opinions.
How Silicon Valley VCs Trashed Their Own Party.
DreamStake
39

Again [citation needed]. It seems like this might be true, but can you actually demonstrate it? Would more diversity (of what?) lead to a higher risk investment strategy across the industry? If it did have that effect, would it draw more capital into VC funds? Or would there be less?