I understand what Mattermark is trying to do here, and applaud them for trying, but the way the data is presented doesn't withstand scrutiny. There are far too many interceding variables for this analysis to have any merit. Namely (1) total deals done/varying market conditions in a given year, (2) yearly cohort size, (3) the fact that most Series A deals happen within 3 years of accelerator graduation, (4) not accounting for large seed deals, later stage deals, and exits. I don't quite understand how number of Series A deals equates to success in the first place, and I'm having trouble finding what this analysis proves, if anything.
Thanks for another great post Garry. This is also perfectly relevant advice for talking about your business in general, not just for YC (investors, prospective hires, etc.).
Congratulations to Garry, Alexis, Alina, and team! Such an awesome group---and an immense pleasure to work with. You won't find a more beloved group of partners in the entire Valley. So excited to be sharing in this journey together!