I think you would need to include companies with < $500M values to be able to answer the question: > But is the seed strategy working for startups and VCs? Th

I think you would need to include companies with < $500M values to be able to answer the question: > But is the seed strategy working for startups and VCs? The data presented here appears to have a selection bias since you've only selected companies that resulted in $500M+ valuations. So, I don't think you can draw this conclusion from the data presented here: > But on the whole, investing in seeds seems to pay off handsomely for VCs I do agree that investing in seed pays off if you have a big winner! > particularly if the seed investing program lands a big winner Aside from that potential fallacy, I find the data and other questions here interesting.