Median Pre-Money Valuation for Rounds Less Than $1M

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Number of Investments Per Exits

Exit Value to Investment Value Ratio

Founder Ownership Over Time, COSE Roadmap vs. Pref Rounds

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Percentage of Public Venture Financings, Canada

Results-Based Sales vs. Vision-Based Sales

U.S.-Based Unicorns, 2008-2018

Right-Skewed Distribution of U.S.. Venture Returns by % of Financings in Companies Going out of Business, Acquired or IPO, 2004-2013

Time (years) from VC Financing to M&A Exit

Median Angel and Seed Deal Sizes
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​US Venture Exit Year Index

A Small Number of Funds Generate Big VC Returns

Rule of 40

The COSE Roadmap