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That is correct! Rather than try to distinguish the Series A startups that exit during Series A from Series A startups that are going to raise more money before
by bethly 9y ago
That is correct! Rather than try to distinguish the Series A startups that exit during Series A from Series A startups that are going to raise more money before exiting successfully, I just assumed that every company raised the average amount that a successful startup raises. That average isn't stage-specific either.
This was one of the places where the model could be a lot more accurate, but at the cost of much more complicated math.