6 Comments

great stuff.

i've found that for most early-stage VCs, looking at the overall % of round-to-round progressions on their entire portfolio may sometimes be a more revealing metric than just looking at the top performers (which might just be lucky, or unlucky).

while i agree it's important to show standardized metrics (especially in later years, 5-10), in the first few years what i really care about is what % of your seed deals made it to Series A and B, not so much whether you got lucky and 1 of your deals turned out to be Uber or Coinbase.

if someone shows me an average "hit rate" in their first 4-5 years from seed to Series B that's over 30% (ie, >50% of your seed deals got to Series A, and over 1/2 got from A->B), then i'm paying a lot more attention.

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Do you have the template to share? That would be amazing!

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Where can i get a the SOI template?

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This is super helpful! Thank you for putting it together.

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