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
ITU Ventures 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 44.6%. 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
-7.1 pp
37.5% on 8 deals vs 44.6%
Vs median VC book
-23.5 pp
28.6% on 7 deals vs 52.0%
Vs top-quartile VC
-38.1 pp
28.6% on 7 deals vs 66.7%
Vs Y Combinator
-42.4 pp
28.6% on 7 deals vs 71.0%
Median and top-quartile VC benchmarks exist only through 2015. That comparison uses 7 of 8 labeled deals. Later deals stay in the hit rate and the base-rate comparison.
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
81
Flagged deals
10/1 followed on
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 0.0% (0 of 8). 95% Wilson interval 0.0%–32.4%.
Vs exit base rate
-15.8 pp
0.0% on 8 deals vs 15.8%
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 |
|---|---|---|---|---|
| Authenticlickauthenticlick.net | 2006 | No | 100 | Yes |
| Penthera Partnerspenthera.com | 2006 | Yes | 96 | — |
| Pivotal Systemspivotalsys.com | 2006 | No | 86 | — |
| Agility Design Solutions | 2005 | No | 81 | — |
| Chip Estimatechipestimate.com | 2006 | No | 79 | — |
| Dynamic Organic Light | 2005 | No | 70 | — |
| Comet Solutionscometsolutions.com | 2006 | Yes | 57 | — |
| XAwarexaware.com | 2002 | Yes | — | — |