Good analysis. Would it make sense to look at cumulative capital raised in addition to whether the companies have raised a Series A, to account for large seed rounds which don't seem uncommon with this cohort of companies? Series A as a milestone could obscure some details, e.g. company has raised a small seed round previously so the next round is labelled as series A, or company has raised a large seed round so doesn't need a series A within 24 months.
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