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This is misleading. It's based on the earliest business plan they were able to find, but that probably dates from the series A round.
by pg 18y ago
This is misleading. It's based on the earliest business plan they were able to find, but that probably dates from the series A round.
- ph0rque 18y agoYup: > The first sample consisted of 50 start-ups that went public in an initial public offering for which there was a very early business plan. The second sample included all start-ups that went public in 2004. They only sampled startups that went public... that's a very small sample of all the startups.