And I'm curious why a longer time horizon makes the data misleading. I calculated over 3 years to minimize the risk of aberrations/flashes in the pan. What time period would you suggest?
> I calculated over 3 years to minimize the risk of aberrations/flashes in the pan
That's the issue. VC funding patterns are so long-tail and erratic that consolidating them misses that variation. It could be one startup accounting for the bulk of a funding, but we can't say the industry as a whole has grown.
Although with the BTC numbers you cite, that might not be relevant. Hmm.
