First Round Capital, an early seed-stage investor in Uber, Warby Parker and other multi-billion dollar ventures, says the keys to success include repeat founders, college pedigree and teams; also that women do better than men.

First Round believes that seed investing is much more an art than a science — and there’s no such thing as a formula for success. But analyzing data from 300 companies, and nearly 600 founders, it funded over ten years since its founding in 2005, it identified ten characteristics that accompanied successes.

The ten characteristics include:

Female Founders Outperform Their Male Peers

Startup Fortune Favors the Young

Where You Went to School Matters

Investors Pay More for Repeat Founders

The Next Big Thing Can Come from Anywhere

For the full First Round Report: http://10years.firstround.com/