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staggering results from YC (and they're only getting better): Of the startups they'd funded, 94% were able to raise more money after YC.
Getting funded is not success. It's just something that makes success more likely.
$4.7 billion / 210 = $22.4 million, so the average value of startups we've funded is about $22.4 million.
The real lesson here though is how long it takes to measure performance in this business. We're 6 years in, and we could easily be off by 3x in either direction. Startup outcomes are unpredictable, and the outcomes of their investors doubly so, because it's hard to say whether the big successes are repeatable, or if the investors just got lucky. Even 6 years in, all we can say is that the numbers look encouraging so far.
Evan Williams | evhead: The Future of Identity Belongs to Apple and Google June 01, 2011 at 03:57PM
New to AKISC?
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2. Questioning the Long Tail
3. Marquette name debate
4. Business Model of a Blogger
5. Klosterman's "The (other) paradox of choiceI also write a travelog called Whereami and have a photo collection in Flickr.
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