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Since they are measuring exits, you would need to add companies that closed into the calculation, as that is a form of 'exit'. Then you can average it, but to get a better idea, dump the numbers into a standard deviation calculator and you will get a range between the 2 standard deviation to get a better idea. This way, it will take into account 'variance'. http://easycalculation.com/statistics/standard-deviation.php


Not exits. From pg's writeup linked above:

> For 18 of the top 21 I used the postmoney valuation of the most recent funding round.


ok, in that case should also include data of the terminal value of companies that shut up shop.




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