I wonder what the stats look like in the past 5 years (post Airbnb, Dropbox, Stripe, and Reddit).
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would be interesting to see as cohorts too (sorta serious, sorta just asking a standard annoying VC question)
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On should cut out the last several batches at least since it should take time to build to $100M+ valuations. So the % is probably closer to 10%+
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"... at demo day." FTFY!
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I am sure that Uber for Bulldozers will be a trillion dollar company.
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In their defence, I imagine these are lagging indicators due to the nature of VC
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Especially when most start at $12-18M post money
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