Re:Paul Graham Shares Number of Y Combinator Companies Sold ...
by rutigers on Thursday December 12, 2013 @07:46PM
(#6898381)
pg in 2012 Sept
"The one thing we can track precisely is how well the startups in each batch do at fundraising after Demo Day. But we know that's the wrong metric. There's no correlation between the percentage of startups that raise money and the metric that does matter financially, whether that batch of startups contains a big winner or not."
Re:Paul Graham Shares Number of Y Combinator Companies Sold ...
by pg on Thursday December 12, 2013 @10:22PM
(#6898892)
Almost none of these valuations are the result of investments after Demo Day. These are later rounds, and later rounds converge on an ultimate valuation.
"The one thing we can track precisely is how well the startups in each batch do at fundraising after Demo Day. But we know that's the wrong metric. There's no correlation between the percentage of startups that raise money and the metric that does matter financially, whether that batch of startups contains a big winner or not."
(http://www.paulgraham.com/swan.html)