50% do not get to Round 2. 90% are gone by Round 3. In a report, CBInsights analyzed 1100 startups ( that raised seed rounds in 2008-2010) to answer exactly that question.
Odds of becoming a Unicorn is at 1%. 12 companies reached that status in 2017-18 including hyped companies like Uber and AirBnB.
13 companies existed for over $500Mn including – instagram, Zendesk and Twilio.
30% see funded companies exited through an IPO or M&A.
Check out the analysis
Originally published on March 4th 2019