| Mean | S.D. | Median | Min. | Max. | |
| Investment characteristics |
|
|
|
|
|
| Round 1 dummy | 35.2 | 0 | 0 | 1 | |
| Round 2 dummy | 36.0 | 0 | 0 | 1 | |
| Round 3 dummy | 28.8 | 0 | 0 | 1 | |
| Number of VCs investing in round | 2.2 | 1.4 | 2 | 1 | 8 |
| Total amount invested in start-up by VC | 9.4 | 10.1 | 7.1 | 0.03 | 138.7 |
| Investor characteristics | |||||
| VC age | 9.0 | 4.9 | 8.9 | 0 | 21.9 |
| VC experience | 223.1 | 264.6 | 141.6 | 0 | 2281.0 |
| Start-up characteristics | |||||
| Start-up age | 2.9 | 2.2 | 2.4 | 0 | 10 |
| Start-up industry (in %) | |||||
| Medical/health | 25.0 | 0 | 0 | 1 | |
| Computer software and serv. | 19.6 | 0 | 0 | 1 | |
| Biotechnology | 12.6 | 0 | 0 | 1 | |
| Communications and media | 11.5 | 0 | 0 | 1 | |
| Semiconductors/other elect. | 11.0 | 0 | 0 | 1 | |
| Other | 20.3 | 0 | 0 | 1 | |
| Start-up region (in %) | |||||
| N. California | 33.1 | 0 | 0 | 1 | |
| New England | 15.4 | 0 | 0 | 1 | |
| S. California | 13.6 | 0 | 0 | 1 | |
| New York Tri-State | 8.0 | 0 | 0 | 1 | |
| Southwest | 5.9 | 0 | 0 | 1 | |
| Other | 24.0 |
| 0 | 0 | 1 |