Venture capitalists have figured out a new way to rank their desirability among entrepreneurs: An auction. A group of 20 Silicon Valley VCs are taking bids for lunch dates, with proceeds going to Presidio Knolls School , a startup Chinese immersion school based in San Francisco. So it's really more about charity than narcissism, but there clearly are some bragging rights involved. And I wouldn't even be surprised if certain limited partners keep tabs on which VCs did (and didn't) garner high bids.
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