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
Trellis Partners vs Kairos
Not ranked
Whole-book follow-on hit rate 60.0% (3 of 5 labeled deals). 95% Wilson interval 23.1%–88.2%. Vintage-weighted base rate 44.5%. This is not a fund return.
Not ranked. A book needs at least 15 labeled deals with a vintage base rate. This one has 5.
Vs same-vintage base rate
+15.5 pp
60.0% on 5 deals vs 44.5%
Vs median VC book
-5.9 pp
50.0% on 4 deals vs 55.9%
Vs top-quartile VC
-21.4 pp
50.0% on 4 deals vs 71.4%
Vs Y Combinator
-21.3 pp
50.0% on 4 deals vs 71.3%
Median and top-quartile VC benchmarks exist only through 2015. That comparison uses 4 of 5 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
4
Mean model percentile
63
Flagged deals
0no labeled flagged deals
Companies
5 labeled follow-on deals, 0 matched without an observable label (dropped, not counted as failures).
| Company | Vintage | Follow-on | Kairos percentile | Flagged |
|---|---|---|---|---|
| TabbedOuttabbedout.com | 2010 | Yes | 95 | — |
| Ziften Technologiesziften.com | 2011 | Yes | 77 | — |
| AllClear IDallclearid.com | 2008 | No | 39 | — |
| Flash Valetweb.flashvalet.com | 2012 | No | 39 | — |
| Zilliantzilliant.com | 2002 | Yes | — | — |