Q for Investors: 

Many investors are naturally independent. 

Even with firm-level compensation structures that incentivize a rising tide lifting all boats, competition is fierce within many firms, let alone between firms.

How might firm and/or industry-level incentives change to foster even greater collaboration?

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

It all boils down to carry split. In firms where you "eat what you kill" carry gets allocated almost on a deal-by-deal basis. More collaborative firms tend to have a carry pool at a fund level irrespective of who led and actually encourage partners to share boards

At an industry-level it is much trickier and fund size plays against collaboration given bigger firms need to ensure certain ownership to be able to return their fund so co-leading becomes less viable