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If your goal is to be a top 10 investment, 32. If your goal is to get funding, 25. Most founders, I would suspect, especially at First Round's target, are happy to get investment period, even if they aren't in the top 10 (yet).

I think a lot of these figures are correlated. Multi-company founders command higher valuations, who will tend to be older than their first-company peers, so it makes sense the top 10 list is slightly older on average.



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