They had 16 companies in this survey that were remote, 2 that were "office", And the rest were some form of hybrid. They considered anything other than full remote "some office". This could easily get skewed if one of these office companies had 10x'd their revenue.
And even though they grew faster, the attrition for Office was higher.
> The survey sample size was 37 companies from the Reach Capital portfolio. That’s large enough to see patterns, but not large enough to generalize across all startups. Next, Reach Capital’s portfolio of companies are in education and the future of work. The revenue results by workplace configuration may be different in other markets.
But the subtitle of the article is:
> Data shows that pre-seed and seed startups with employees showing up in a physical office have 3½ times higher revenue growth than those that are solely remote.
There is no world where "data shows" or "have" is the correct presentation of this size of a sample. Hopefully the HN mods caveat the title of the post here.
sjducb|3 years ago
rhaway84773|3 years ago
ekianjo|3 years ago
colpabar|3 years ago
btown|3 years ago
> The survey sample size was 37 companies from the Reach Capital portfolio. That’s large enough to see patterns, but not large enough to generalize across all startups. Next, Reach Capital’s portfolio of companies are in education and the future of work. The revenue results by workplace configuration may be different in other markets.
But the subtitle of the article is:
> Data shows that pre-seed and seed startups with employees showing up in a physical office have 3½ times higher revenue growth than those that are solely remote.
There is no world where "data shows" or "have" is the correct presentation of this size of a sample. Hopefully the HN mods caveat the title of the post here.
freitzkriesler2|3 years ago
And too small a data set.