Honestly this is a very strange metric for me. It doesn't account for things like the frothy conditions of 2011 - 2014 where people were raising money like craz

Honestly this is a very strange metric for me. It doesn't account for things like the frothy conditions of 2011 - 2014 where people were raising money like crazy. It doesn't speak to trends where investors were actively looking to nourish alternatives to YC since there was a perceived monopoly on investor mindshare at YC. It doesn't explain what the series A cumulation means for investors, nor startups, nor the incubators themselves. If this article is for investors, wouldn't it better to understand and compare the total valuations of startups from each accelerator (by batch would be best.) If this is for startups, wouldn't it be best to compare percent of batch that went on to raise series A? edit: I don't mean to suggest that the data isn't interesting. But given the extremely human nature of startup investing, I think it's worth speaking to qualitative factors when trying to bring insight.