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