Crude math that averages out the total funds raised by Stanford graduates, tells us that each Stanford graduate founder raises $48 million, on average. Harvard graduate founders raise on average $45 million. MIT graduate founders raise $39 million on average; UC Berkley graduate founders raise $33 million on average; and finally, UPenn graduate founders raise $33 million on average. Now, that’s crude math and statistics, but further analysis requires some hard questions. For example, “is the amount of funding raised by a startup a real determinant or leading key performance indicator for that startup’s success?” It seems the industry measures and applauds many startups based on the amount they’ve raised – perhaps because that is what is most measurable and most public. Key indicators such as high revenue growth rates, healthy profitability, low customer acquisition costs, and low employee turnover rates are kept confidential – as they are considered “trade secrets” that, if leaked, could erode competitive advantages.
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