4 ms·
Maybe Benford's Law[1] has something to do with the distribution being skewed toward the $1 billion mark (at least in part). [1] https://en.wikipedia.org/wiki/
by dperfect 11y ago
Maybe Benford's Law[1] has something to do with the distribution being skewed toward the $1 billion mark (at least in part).
[1] https://en.wikipedia.org/wiki/Benford%27s_law https://en.wikipedia.org/wiki/Benford%27s_law
- lambdasquirrel 11y agoActually, I'm pretty sure it proves he's right. In these distributions, the percentages matter a lot. I think the mentioned figures were upwards of 50% for startups in the 1-2 Billion valuation range? That's a fairly nontrivial difference from the expected 30%. Is there a real stats person around here? I bet that if you plugged in the numbers into the formulas in "Statistical Tests" in the link that you gave, it would pretty much show that Sam is right. When I punched in the numbers and ran the Chi-Square test, it seemed kind of off. :P https://docs.google.com/spreadsheets/d/1FoSfPvRSLK04ySAfjEqEXbVCLEoeeMv6KkCAKxKiYIM/edit?usp=sharing https://docs.google.com/spreadsheets/d/1FoSfPvRSLK04ySAfjEqE...