Being the technology-savvy group that they are, it is not surprising to find that many venture capitalists and angel investors are on Twitter. In fact, many of them are quite active and have attracted fairly large followings putting them in the upper echelons of Twitter users. So we wondered whether all activity on Twitter by venture capitalists and angel investors translates into or at the very least correlates with them making more investments in startups?
As our analysis below reveals, we applied many tests to see if there was any pattern/correlation, but the end result, perhaps not surprisingly, is that one doesn’t exist. Irrespective of the test, there was no correlation between any metric measuring Twitter activity and investment levels by VCs and angels. But in our examination, we did uncover a select group of investors on Twitter who we’d classify as Rockstars (9 firms) or Unsung Heroes (14 firms) based on their 2009 startup funding and Twitter activity.