A post on Linkedin https://www.linkedin.com/posts/activity-7303170504356466690-5JL9?utm_source=share&utm_medium=member_desktop&rcm=ACoAAACD3IoBHOj2HcVqY8B_nToaE_XXXrZKAfA argued against copying other VCs' strategies. Specifically, it offered this example: when "2️⃣ Smaller firms pile in—not because they’ve built real conviction, but because the lead investor is prestigious. If Sequoia is in, it must be good, right?"
Is there any evidence that joining a round in which Sequioa or any of the funds mentioned below are participating will result in average returns?

Sequoia Capital: $2.85 billion
Andreessen Horowitz: $2.75 billion
Lightspeed Venture Partners: $2.2 billion
Tiger Global Management: $2.1 billion
Insight Partners: $2 billion