I'd say 90..95 percent of the companies they profile, had raised money. Occasionally, there would be an unfunded/boothstrapped startup - but those are exceptio

I'd say 90..95 percent of the companies they profile, had raised money. Occasionally, there would be an unfunded/boothstrapped startup - but those are exceptionally rare (less than 1%). I remember those figures from doing basic keyword analysis of their articles a year ago. But then again - that's expected. You don't expect to see a natural bodybuilder in Muscle Mag. They are the Jersey Shore of startup coverage, and raising a massive round is the only kind of success they recognize.