[johnvschmitt]

Great news & I have more hope for the community.

However, many people outside of the startup scene have misconceptions, as they see survivor bias/success bias in the reporting. One item in the report feeds this misconception: "The average company got $1.9 million in funding." The median raised would be far more revealing of the actual experience that a startup faces than the average.

[cj]

Techstars is incredibly transparent with their stats. Full funding data available here: http://www.techstars.com/companies/stats/

I just pulled some numbers quickly...

In the last 3 Techstars NYC batches (not including the most recent), there were 37 companies with median funding of just over $1.6 million. 28 are still active, 6 have been acquired and 3 have failed.

[johnvschmitt]

Thanks. That is indeed an incredible level of transparency. I didn't see a CSV download but just scanning, it looks like it's more like a $200k median, with 1.6M average. Medians just make far more sense in letting someone outside the system know what to expect. Just like, "The average actress in Hollywood makes $250k, when in fact the median is $30k and a few make $100M).

[cj]

They don't have a CSV export, but here's a quick Javascript script that pulls the fundings and calculates the median and average.

Total companies: 486

Median funding: $450,000

Average funding: $2,039,918

Total funding: $991,400,000

  var fundings = $('.batch .parent .right').map(function(){ 
    return +this.innerHTML.replace(/(\$|,| )/g, '') || 0;
  }).toArray();

  fundings = fundings.sort(function(a, b) { return a - b; });

  var totalFunding = fundings.reduce(function(a, b) { return a + b; });

  console.log('Total companies: ', fundings.length);
  console.log('Median funding: ', fundings[Math.round(fundings.length / 2)]);
  console.log('Average funding: ', Math.round(totalFunding / fundings.length));