{ "docId": "019f6b8f-71b9-7767-8357-69b177d37fb3", "docSlug": "jarvis-throne-vs-the-kingdom", "documentTitle": "Throne vs the kingdom", "authorId": "throne-vs-the-kingdom", "authorName": null, "documentKindSlug": "deck", "documentKindLabel": "Deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": null, "orientation": null, "aspectRatio": null, "pageNumber": 18, "pageCount": 45, "prevPage": 17, "nextPage": 19, "slideType": "appendix_methodology", "function": "cite_precedent", "density": "dense", "nDataPoints": 2, "notes": "The text discusses survey response rates and comparative analysis of datasets.", "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019f6b8f-71b9-7767-8357-69b177d37fb3/18", "deckHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3", "deckJsonHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3.json", "deckAnchorHref": "/decks/019f6b8f-71b9-7767-8357-69b177d37fb3#slide-18", "components": [ { "bbox": { "h": 0.02, "w": 0.018, "x": 0.864, "y": 0.923 }, "kind": "other", "text": "17", "attrs": null, "subkind": "other", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e85610ea-4dee-46e1-9899-22c48d9cd385", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.45, "x": 0.118, "y": 0.895 }, "kind": "other", "text": "16 For an analysis of this database, also see Kaplan, Stromberg et al. (2002).", "attrs": null, "subkind": "source-note", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "048ca79e-3e79-4a0f-95ea-96cf38a8e035", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.305, "w": 0.764, "x": 0.118, "y": 0.094 }, "kind": "paragraph", "text": "usually want current data on executive compensation, so they have an incentive to participate even if they have already participated in the past. Over the last decade, CompStudy's annual compensation reports have become a standard reference for executive teams in private American ventures and for board members and investors involved in those ventures. Each year, survey response rates vary between 10%-20%, higher than the typical response rates for surveys targeting similar levels of executives (e.g., Graham and Harvey 2001) and for the sensitivity of the questions asked (e.g., about private-company financing history and performance, and about executive compensation and equity stakes). The surveys are conducted online and fields are validated as data are entered. When possible, data are cross-checked with publicly-available information to check accuracy and representativeness.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "68b86f06-ce4b-4a32-91be-3e2723e766d2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.485, "w": 0.764, "x": 0.118, "y": 0.399 }, "kind": "paragraph", "text": "For comparison, VentureXpert (formerly Venture Economics) is one of the most commonly used sources of data for research on high-potential startups (e.g., Gompers 1995; Lerner 1995; Sorenson and Stuart 2008).16 VentureXpert is compiled by Thomson Economics and provides data on venture capital and other early-stage funding for companies. It provides each company's financing history, location, and related information. However, it does not provide many of the datapoints needed for the current study – e.g., founder and non-founder backgrounds, executive compensation and equity holdings, and levels of control retained by the founders – and focuses on a more limited set of startups (those that have raised institutional capital, in contrast to CompStudy, which also includes pre-funding ventures). It is instructive to compare the distributions of companies within the two datasets. I compared the CompStudy sample to the VentureXpert sample on the three dimensions on which they can be compared: geographic distribution, industry, and founding year. First, the two datasets almost match regarding the percentage of startups from each state in the country, with the exception that CompStudy has a few more firms in Massachusetts and a few less in California. (Further details are available from the author.) Regarding industry breakdown, CompStudy is more balanced, with 65.2% of the CompStudy firms coming from high", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7dba24bd-eae7-4c29-a21d-c4e29500a59c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 28, "from": 16, "beatId": "6ab56db9-5500-45bd-902c-6cf5d17f6a2f", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Solution", "beatSlug": "sequoia-pitch-solution", "evidence": "The document presents the results of the analysis and discusses the implications.", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 20, "from": 10, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "93fc7fbb-9e7f-48f5-93cf-3a34bae2fc91", "evidence": "The document discusses the potential costs of inaction in terms of valuation and capital raised.", "position": 0, "objective": "Highlighting the consequences of not addressing the tradeoff between founder control and company value", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }