Thanks for the reply. On #2 - isn't runway money/burnrate? I always viewed it as measured in months. "We have 12 months of runway" versus "we have 24 months". I mention this because the original Wilson post was encouraging people not to stay too lean purely to increase the runway, implying the runway could be variable for a given amount of money.

IRR data is semi public, no? Isn't it possible to see how much a company gave up in the A round by comparing valuation to money raised? Then back out the IRRvat the IPO?