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
Dow Venture Capital vs Kairos
Not ranked
Whole-book follow-on hit rate 85.7% (6 of 7 labeled deals). 95% Wilson interval 48.7%–97.4%. Vintage-weighted base rate 44.7%. This is not a fund return.
Not ranked. A book needs at least 15 labeled deals with a vintage base rate. This one has 7.
Vs same-vintage base rate
+41.0 pp
85.7% on 7 deals vs 44.7%
Vs median VC book
+31.3 pp
85.7% on 7 deals vs 54.4%
Vs top-quartile VC
+17.1 pp
85.7% on 7 deals vs 68.7%
Vs Y Combinator
+17.1 pp
85.7% on 7 deals vs 68.6%
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
7
Mean model percentile
58
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 28.6% (2 of 7). 95% Wilson interval 8.2%–64.1%.
Vs exit base rate
+14.9 pp
28.6% on 7 deals vs 13.7%
Vs median VC exit book
—
No overlapping vintages
Vs top-quartile exit book
—
No overlapping vintages
Companies
7 labeled follow-on deals, 0 matched without an observable label (dropped, not counted as failures).
| Company | Vintage | Follow-on | Kairos percentile | Flagged |
|---|---|---|---|---|
| Nuvosunnuvosun.com | 2010 | Yes | 96 | — |
| SiConnect | 2005 | Yes | 89 | — |
| nanoMRnanomr.com | 2008 | Yes | 69 | — |
| Pfenexpfenex.com | 2009 | No | 59 | — |
| Avesoavesodisplays.com | 2006 | Yes | 58 | — |
| Water Health Internationalwaterhealth.com | 2006 | Yes | 32 | — |
| ZBD Displayszbdsolutions.com | 2005 | Yes | 5 | — |