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Where do you get your success numbers/metrics from?
Where do you get your success numbers/metrics from?

Where does your % success-metric come from? When you say you have helped X number of companies raise $YM+, how do you calculate that?

Rupak Doshi avatar
Written by Rupak Doshi
Updated over a week ago

Like most incubators, accelerators, venture capitalists, angels and almost any organization that works with startups portrays their metrics as an average across all their startups. However, the reader should always note that this average comes from a dataset that is extremely variable, due to the volatility of the startup market - some startups do extremely well, while most others fail. So for example, when Y Combinator says that they have invested in more than 2,200 companies and the combined valuation of YC companies is over $100B, it doesn't mean that the average valuation of every YC company is $50M. It means that there are few 10s of companies that have >$1B valuations and lots of others that are not so hot.

We're not different from such startup support organizations - in that when we say that we've helped X number of startups (500+ as of Apr, 2022) apply to multiple SBIRs and together have raised $YM+ ($10M+ as of Apr, 2022), it means that together all our successful startups have won that value of SBIR/STTR money. As of 2019, there were almost 20K Phase I and only $5K Phase II SBIR proposals submitted agency-wide. Consistent with these numbers, we support a lot more Phase I, rather than Phase II proposals, and so naturally, most of our wins have come from first-time startups winning Phase I ($50-400K awards). The win-rate is a metric that we measure based on the data that our customers provide to us (and when we can access other data from public sources). The range moves between 30-40% throughout the year, depending on the agency and it's specific round.

Readers should also note that we don't discriminate against early startups or those who may not have the protytpical PhD founders, like how most traditional consulting shops do. This is because we believe in democratizing the process, and so naturally, we also work with quite a few startups that might not win. So, the fact that our win-rates are much higher than the national average of ~15%, despite not heavily prequalifying companies, suggests that we're very good at improving the quality of proposals from non-traditional startups. Readers are also free to look at the various testimonials posted from our users across our website at https://www.turbosbir.com/.

Lastly, proof in the pudding - OmniSync itself is the recipient of two Phase I SBIR/STTR awards, BOTH of which have now been awarded Phase II SBIRs for the deep technology that we're developing! So, we definitely know a thing or two about how to win these! Work with us and you'll see :-)

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