Reconstructed first-round book from the research data, not a scrape of today's website. Public portfolio pages over-report winners, and this graph has the same public-data bias. Investor edges are essentially Crunchbase through late 2015, plus Y Combinator.
Research book · 3-year follow-on
Discovery Capital vs Kairos
Not ranked
Whole-book follow-on hit rate 37.5% (3 of 8 labeled deals). 95% Wilson interval 13.7%–69.4%. Vintage-weighted base rate 42.4%. This is not a fund return.
Not ranked. A book needs at least 15 labeled deals with a vintage base rate. This one has 8.
Vs same-vintage base rate
-4.9 pp
37.5% on 8 deals vs 42.4%
Vs median VC book
-15.4 pp
37.5% on 8 deals vs 52.9%
Vs top-quartile VC
-29.2 pp
37.5% on 8 deals vs 66.7%
Vs Y Combinator
-28.2 pp
37.5% on 8 deals vs 65.7%
Ranked when at least 15 labeled deals have a vintage base rate. Rank is the average-rank percentile of shrunk excess (20 pseudo-deals at that book's vintage base rate) among eligible VC books that clear the same minimum. 100 is best. The whole book is never compared to Kairos's top-50 hit rate.
What Kairos would have said
Scores are the model’s percentile at each company’s first observed funding event, not at a later round. That matches this fund’s entry only when the fund was in the first-round syndicate. A deal is flagged when its percentile clears that vintage’s top-50 cutoff. The whole book is not compared to the top-50 hit rate.
Deals with a score
8
Mean model percentile
39
Flagged deals
0no labeled flagged deals
Five-year exit, secondary
Five-year exit labels are observable mainly for 2005–2010. A missing later exit is not counted as a failure. This panel is not the ranking.
Hit rate 12.5% (1 of 8). 95% Wilson interval 2.2%–47.1%.
Vs exit base rate
-1.5 pp
12.5% on 8 deals vs 14.0%
Vs median VC exit book
—
No overlapping vintages
Vs top-quartile exit book
—
No overlapping vintages
Companies
8 labeled follow-on deals, 0 matched without an observable label (dropped, not counted as failures).
| Company | Vintage | Follow-on | Kairos percentile | Flagged |
|---|---|---|---|---|
| Lat49lat49.com | 2007 | Yes | 76 | — |
| Rx Networksrxnetworks.ca | 2007 | Yes | 60 | — |
| GaleForce Solutionsgaleforcesolutions.com | 2006 | No | 52 | — |
| Mobidia Technologymobidia.com | 2005 | Yes | 46 | — |
| Navarik | 2008 | No | 38 | — |
| In Motion Technologyinmotiontechnology.com | 2005 | No | 15 | — |
| Gatekeeper Systemgatekeepersystems.com | 2008 | No | 14 | — |
| Vivonetvivonet.com | 2005 | No | 11 | — |