Keep in mind that that this isn't a unbiased random sample. It's selected for companies that launched publicly within 6 weeks of the start of the batch, which u

Keep in mind that that this isn't a unbiased random sample. It's selected for companies that launched publicly within 6 weeks of the start of the batch, which usually means they have a working MVP. Companies with long R&D cycles (like most energy, robotics, biotech and pharma companies) are underrepresented in this sample.