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

Vodafone Ventures vs Kairos

Not ranked

Whole-book follow-on hit rate 42.9% (3 of 7 labeled deals). 95% Wilson interval 15.8%–75.0%. Vintage-weighted base rate 44.1%. 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.

Fund board

Vs same-vintage base rate

-1.2 pp

42.9% on 7 deals vs 44.1%

Vs median VC book

-13.6 pp

42.9% on 7 deals vs 56.5%

Vs top-quartile VC

-30.2 pp

42.9% on 7 deals vs 73.0%

Vs Y Combinator

-38.6 pp

33.3% on 6 deals vs 72.0%

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

Mean model percentile

Flagged deals

0no labeled flagged deals

Companies

7 labeled follow-on deals, 0 matched without an observable label (dropped, not counted as failures).

Company	Vintage	Follow-on	Kairos percentile	Flagged
Local Responselocalresponse.com	2011	Yes	89	—
Evolution Roboticsevolution.com	2008	No	52	—
Eventtuseventtus.com	2013	No	44	—
SavaJe Technologies	2003	Yes	37	—
InToTallyintotally.com	2012	No	34	—
Cogniacognia.com	2011	Yes	33	—
Vouchercloudvouchercloud.com	2011	No	33	—