3 ms·
wish I had access to this data long time ago then I wouldn't have wasted so much time trying to be a startup or get into YC!!! YC mythos is crumbling before me
by localfirst 2y ago
wish I had access to this data long time ago then I wouldn't have wasted so much time trying to be a startup or get into YC!!!
YC mythos is crumbling before me...
Failure : (92.95%)
Small Success : (3.94%)
Medium Success: (2.39%)
Large Success : (0.28%)
Unicorn : (0.44%)
and the ROI distribution doesn't look good either (but I understand those home runs will pay for the losses)
-100% (Total Loss): (80.9%)
-99% to -50% : (2.4%)
-49% to 0% : (1.4%)
1% to 100% : (2.6%)
101% to 500% : (5.7%)
501% to 1000% : (2.8%)
1001% to 5000% : (3.8%)
5001%+ : (0.4%)
- Xen9 2y agoBut getting funded & having it spent is 100% success, if you have fun burning it!
- localfirst 2y agoOPM is funny money...especially when its subsidized by tax payers and will be prevented from failing by bail outs from the tax payers...left or right!
- Xen9 2y agoGiven the 100% loss rate, most startups are not sued for using funds wrong, which makes it particularly safe to waste the investent.