ICONIQ just published The Pacesetter Index . It replaces their Enterprise Five Scorecard, and shows the real growth rates and metrics for the top venture-backed startups. Not the average. But to be clear, what most VCs want to fund, The pool: the top public software companies plus ICONIQ’s own private venture and growth portfolio companies. Quarterly financial and operating data from 2024 through Q2 2026, where available. The filter on top of that pool: only companies that qualify as a “Pacesetter,” defined as top-quartile revenue growth over the past three years AND AI-native or AI-driven. Source: ICONIQ Pacesetter Index, September 2026. The top 8 findings: #1. 115% Growth Is the Median at $100M+ A $100M+ ARR company growing 115% used to be a once-a-decade outlier. In this cohort it’s the median. Top quartile is 165%. For 15 years the aspirational growth path in B2B was triple, triple, double, double, double. Most companies used it as a target they missed. Here, doubling at $10