Reuters found that 70 of 88 Silicon Valley companies receiving Series A funding from five prominent VC firms in 2011 through the first half of 2013 had founders from a traditional Silicon Valley cohort.

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 9: ARE UNICORNS REALLY WHITE? Valuation Gamification

"Reuters found that 70 of 88 Silicon Valley companies receiving Series A funding from five prominent VC firms in 2011 through the first half of 2013 had founders from a traditional Silicon Valley cohort."

Reuters defined the cohort through senior big-tech experience, employment at a well-connected smaller company, previous startup success, or attendance at Stanford, Harvard or MIT.

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Source title Insight: In Silicon Valley start-up world, pedigree counts

Source authors Sarah McBride

Source year 2013

Confidence high

Importance high