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Funding Patterns

Hidden relationships in startup outcomes, surfaced by the Apriori algorithm

Association rule mining finds co-occurrence patterns: if a startup has traits A and B, how often does outcome C follow? These aren't causal claims: they're statistical regularities in the data.

Each rule has three metrics. Support is how common the pattern is overall. Confidence is how often the outcome holds given the conditions. Lift tells you how much more likely this is than random chance; a lift of 2.0× means twice as likely.

Startups that reached round_B, rounds:3+ → reached round_C and is still operating

Support 3.0%
Confidence 40.2%
Lift 7.94×
reached:round_Brounds:3+reached:round_Coperating

Startups that reached round_C → reached round_B and rounds:3+ and is still operating

Support 3.0%
Confidence 45.4%
Lift 7.59×
reached:round_Creached:round_Brounds:3+operating

Startups that reached round_A, reached round_C → reached round_B and is still operating

Support 2.2%
Confidence 70.3%
Lift 7.17×
reached:round_Areached:round_Creached:round_Boperating

Startups that reached round_B → reached round_A and reached round_C and is still operating

Support 2.2%
Confidence 17.5%
Lift 7.13×
reached:round_Breached:round_Areached:round_Coperating

Startups that reached round_C, rounds:3+ → reached round_B and is still operating

Support 3.0%
Confidence 60.0%
Lift 6.12×
reached:round_Crounds:3+reached:round_Boperating

Startups that raised 10M-100M, rounds:3+ → reached round_C and is still operating

Support 2.9%
Confidence 30.9%
Lift 6.10×
funding:10M-100Mrounds:3+reached:round_Coperating

Startups that reached round_B → reached round_C and rounds:3+ and is still operating

Support 3.0%
Confidence 24.1%
Lift 6.09×
reached:round_Breached:round_Crounds:3+operating

Startups that based in USA, reached round_C → raised 10M-100M and was acquired

Support 1.0%
Confidence 19.3%
Lift 6.06×
country:USAreached:round_Cfunding:10M-100Macquired

Startups that reached round_B → raised 10M-100M and reached round_A and was acquired

Support 1.1%
Confidence 8.5%
Lift 6.04×
reached:round_Bfunding:10M-100Mreached:round_Aacquired

Startups that reached round_A, reached round_B → reached round_C and is still operating

Support 2.2%
Confidence 30.2%
Lift 5.96×
reached:round_Areached:round_Breached:round_Coperating

Startups that reached round_C → reached round_A and reached round_B and is still operating

Support 2.2%
Confidence 33.1%
Lift 5.76×
reached:round_Creached:round_Areached:round_Boperating

Startups that reached round_C → raised 10M-100M and rounds:3+ and is still operating

Support 2.9%
Confidence 44.1%
Lift 5.75×
reached:round_Cfunding:10M-100Mrounds:3+operating

Startups that raised 10M-100M, reached round_B → reached round_C and is still operating

Support 2.5%
Confidence 29.1%
Lift 5.75×
funding:10M-100Mreached:round_Breached:round_Coperating

Startups that raised 10M-100M, reached round_B → rounds:3+ and was acquired

Support 1.1%
Confidence 13.3%
Lift 5.72×
funding:10M-100Mreached:round_Brounds:3+acquired

Startups that reached round_C → raised 10M-100M and reached round_B and is still operating

Support 2.5%
Confidence 36.8%
Lift 5.70×
reached:round_Cfunding:10M-100Mreached:round_Boperating

Startups that based in USA, reached round_B → rounds:3+ and was acquired

Support 1.2%
Confidence 13.3%
Lift 5.70×
country:USAreached:round_Brounds:3+acquired

Startups that reached round_B → raised 10M-100M and rounds:3+ and was acquired

Support 1.1%
Confidence 8.9%
Lift 5.68×
reached:round_Bfunding:10M-100Mrounds:3+acquired

Startups that reached round_C → raised 10M-100M and has venture and was acquired

Support 1.1%
Confidence 17.3%
Lift 5.67×
reached:round_Cfunding:10M-100Mhas:ventureacquired

Startups that reached round_C → based in USA and reached round_B and is still operating

Support 2.6%
Confidence 38.6%
Lift 5.66×
reached:round_Ccountry:USAreached:round_Boperating

Startups that raised 10M-100M, reached round_A → reached round_B and was acquired

Support 1.1%
Confidence 12.6%
Lift 5.59×
funding:10M-100Mreached:round_Areached:round_Bacquired

Startups that reached round_A, rounds:3+ → reached round_C and is still operating

Support 2.4%
Confidence 28.3%
Lift 5.58×
reached:round_Arounds:3+reached:round_Coperating

Startups that reached round_C → based in USA and raised 10M-100M and was acquired

Support 1.0%
Confidence 15.2%
Lift 5.57×
reached:round_Ccountry:USAfunding:10M-100Macquired

Startups that based in USA, reached round_B → reached round_C and is still operating

Support 2.6%
Confidence 28.1%
Lift 5.55×
country:USAreached:round_Breached:round_Coperating

Startups that has venture, reached round_C → raised 10M-100M and was acquired

Support 1.1%
Confidence 17.3%
Lift 5.41×
has:venturereached:round_Cfunding:10M-100Macquired

Startups that reached round_C → raised 10M-100M and was acquired

Support 1.1%
Confidence 17.3%
Lift 5.41×
reached:round_Cfunding:10M-100Macquired

Startups that reached round_B → raised 10M-100M and reached round_C and is still operating

Support 2.5%
Confidence 19.5%
Lift 5.36×
reached:round_Bfunding:10M-100Mreached:round_Coperating

Startups that reached round_B → based in USA and reached round_C and is still operating

Support 2.6%
Confidence 20.4%
Lift 5.29×
reached:round_Bcountry:USAreached:round_Coperating

Startups that raised 10M-100M, rounds:3+ → reached round_B and was acquired

Support 1.1%
Confidence 11.8%
Lift 5.25×
funding:10M-100Mrounds:3+reached:round_Bacquired

Startups that reached round_C → reached round_A and rounds:3+ and is still operating

Support 2.4%
Confidence 36.2%
Lift 5.17×
reached:round_Creached:round_Arounds:3+operating

Startups that rounds:3+ → reached round_A and reached round_C and is still operating

Support 2.4%
Confidence 12.7%
Lift 5.17×
rounds:3+reached:round_Areached:round_Coperating