We created a proprietary dataset of quarterly and annual operating and financial data from hundreds of companies, either in our portfolio or who shared their data with a16z Growth, from 2014 through 2021. We aggregated, standardized, and anonymized the data and then benchmarked the 25th/50th/75th/90th percentiles of performance. Because our team most commonly interacts with companies that have successfully scaled and because our data is pulled from a more optimistic operating and investing climate, note that calculations might reflect an upward bias.
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