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
Telegraph Hill Partners vs Kairos
Not ranked
Whole-book follow-on hit rate 33.3% (2 of 6 labeled deals). 95% Wilson interval 9.7%–70.0%. Vintage-weighted base rate 43.2%. This is not a fund return.
Not ranked. A book needs at least 15 labeled deals with a vintage base rate. This one has 6.
Vs same-vintage base rate
-9.8 pp
33.3% on 6 deals vs 43.2%
Vs median VC book
-19.3 pp
33.3% on 6 deals vs 52.6%
Vs top-quartile VC
-34.8 pp
33.3% on 6 deals vs 68.1%
Vs Y Combinator
-27.3 pp
33.3% on 6 deals vs 60.7%
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
6
Mean model percentile
65
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 0.0% (0 of 5). 95% Wilson interval 0.0%–43.4%.
Vs exit base rate
-13.0 pp
0.0% on 5 deals vs 13.0%
Vs median VC exit book
—
No overlapping vintages
Vs top-quartile exit book
—
No overlapping vintages
Companies
6 labeled follow-on deals, 0 matched without an observable label (dropped, not counted as failures).
| Company | Vintage | Follow-on | Kairos percentile | Flagged |
|---|---|---|---|---|
| PneumRxpneumrx.com | 2007 | No | 94 | — |
| Asuragenasuragen.com | 2006 | Yes | 92 | — |
| AngioScoreangioscore.com | 2007 | No | 90 | — |
| CHF Technologiesbioventrix.com | 2009 | No | 60 | — |
| RareCyterarecyte.com | 2012 | No | 43 | — |
| Estechestech.com | 2008 | Yes | 11 | — |