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Then why doesn't the metric account for companies that have not shutdown and not exited, i.e. have grown beyond a certain value? Isn't that closer to the most f

• hn_throwaway_99 9y ago
  That metric (grown beyond a certain value) is much harder to get for private companies, and private valuations are all pretty fuzzy anyway. Exits represent a real, verifiable, concrete event. I don't think his metric is perfect, and there are other ones (how many companies just shut down and returned what was left to investors) you can look at, but overall I think it's a good proxy for "what percentage of ycom companies have a positive outcome".