{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2019:AMG52M4P3MJWGU4NOLDPBFNVOK","short_pith_number":"pith:AMG52M4P","canonical_record":{"source":{"id":"1906.01980","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.GN","submitted_at":"2019-06-05T12:34:06Z","cross_cats_sorted":["physics.soc-ph"],"title_canon_sha256":"1ed2020d9ff72a8412e48d8192e81687a34cc2f965e93303a395c72b76b09f72","abstract_canon_sha256":"c5473676b74e9f1581742e79959bdb71e25b3499d33f352f3ef451400c2b6249"},"schema_version":"1.0"},"canonical_sha256":"030ddd338fdb1363538d72c6f095b572811a5868ee60ef121c6180e7bde23e65","source":{"kind":"arxiv","id":"1906.01980","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1906.01980","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"arxiv_version","alias_value":"1906.01980v1","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1906.01980","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"pith_short_12","alias_value":"AMG52M4P3MJW","created_at":"2026-05-18T12:33:12Z"},{"alias_kind":"pith_short_16","alias_value":"AMG52M4P3MJWGU4N","created_at":"2026-05-18T12:33:12Z"},{"alias_kind":"pith_short_8","alias_value":"AMG52M4P","created_at":"2026-05-18T12:33:12Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2019:AMG52M4P3MJWGU4NOLDPBFNVOK","target":"record","payload":{"canonical_record":{"source":{"id":"1906.01980","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.GN","submitted_at":"2019-06-05T12:34:06Z","cross_cats_sorted":["physics.soc-ph"],"title_canon_sha256":"1ed2020d9ff72a8412e48d8192e81687a34cc2f965e93303a395c72b76b09f72","abstract_canon_sha256":"c5473676b74e9f1581742e79959bdb71e25b3499d33f352f3ef451400c2b6249"},"schema_version":"1.0"},"canonical_sha256":"030ddd338fdb1363538d72c6f095b572811a5868ee60ef121c6180e7bde23e65","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-05-17T23:44:05.532759Z","signature_b64":"/XHRTy2j8GZGJAW7k8Z11RccAshGrP8f20JmEZNip342zTkaHe5YCd/wjnRDCNdnT7T8f2+HqSev9LahkGrOAg==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"030ddd338fdb1363538d72c6f095b572811a5868ee60ef121c6180e7bde23e65","last_reissued_at":"2026-05-17T23:44:05.532066Z","signature_status":"signed_v1","first_computed_at":"2026-05-17T23:44:05.532066Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"1906.01980","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-17T23:44:05Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"zvUC13beex20jGJi/PHuU8f9XPknu9h0BBsnipGD3q/Y0LbsuusHGzQ7kUMIw4xIZRMozZxSbbZOOMvlf4wgBQ==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-01T16:15:58.194958Z"},"content_sha256":"488935be559ab47d9d647f661402dd015c29bdb050c00cece1d0c6a73f971a1a","schema_version":"1.0","event_id":"sha256:488935be559ab47d9d647f661402dd015c29bdb050c00cece1d0c6a73f971a1a"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2019:AMG52M4P3MJWGU4NOLDPBFNVOK","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"The temporal evolution of venture investment strategies in sector space","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["physics.soc-ph"],"primary_cat":"q-fin.GN","authors_text":"Clement Gastaud, Jean-Michel Dalle, Theophile Carniel","submitted_at":"2019-06-05T12:34:06Z","abstract_excerpt":"We analyze the sectoral dynamics of startup venture financing. Based on a dataset of 52000 start-ups and 110000 funding rounds in the United States from 2000 to 2017, and by applying both Principal Component Analysis (PCA) and Tensor Component Analysis (TCA) in sector space, we visualize and measure the evolution of the investment strategies of different classes of investors across sectors and over time. During the past decade, we observe a coherent evolution of early stage investments towards a lower-tech area in sector space, associated with a marked increase in the concentration of investme"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1906.01980","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-05-17T23:44:05Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"l6jI7WJr32wH/epY9QRM4hs6mZWicSDzKFJyOPJq/nq1iYryYvl3adjTaJLnq1//FnGTkK8b/Dttp1eR8AQ7Dw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-06-01T16:15:58.195343Z"},"content_sha256":"2ed34b6160be814260a92e09bf66917c9347272f7be93031256c6af046c86523","schema_version":"1.0","event_id":"sha256:2ed34b6160be814260a92e09bf66917c9347272f7be93031256c6af046c86523"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/bundle.json","state_url":"https://pith.science/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-06-01T16:15:58Z","links":{"resolver":"https://pith.science/pith/AMG52M4P3MJWGU4NOLDPBFNVOK","bundle":"https://pith.science/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/bundle.json","state":"https://pith.science/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/state.json","well_known_bundle":"https://pith.science/.well-known/pith/AMG52M4P3MJWGU4NOLDPBFNVOK/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2019:AMG52M4P3MJWGU4NOLDPBFNVOK","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"c5473676b74e9f1581742e79959bdb71e25b3499d33f352f3ef451400c2b6249","cross_cats_sorted":["physics.soc-ph"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.GN","submitted_at":"2019-06-05T12:34:06Z","title_canon_sha256":"1ed2020d9ff72a8412e48d8192e81687a34cc2f965e93303a395c72b76b09f72"},"schema_version":"1.0","source":{"id":"1906.01980","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1906.01980","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"arxiv_version","alias_value":"1906.01980v1","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1906.01980","created_at":"2026-05-17T23:44:05Z"},{"alias_kind":"pith_short_12","alias_value":"AMG52M4P3MJW","created_at":"2026-05-18T12:33:12Z"},{"alias_kind":"pith_short_16","alias_value":"AMG52M4P3MJWGU4N","created_at":"2026-05-18T12:33:12Z"},{"alias_kind":"pith_short_8","alias_value":"AMG52M4P","created_at":"2026-05-18T12:33:12Z"}],"graph_snapshots":[{"event_id":"sha256:2ed34b6160be814260a92e09bf66917c9347272f7be93031256c6af046c86523","target":"graph","created_at":"2026-05-17T23:44:05Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"We analyze the sectoral dynamics of startup venture financing. Based on a dataset of 52000 start-ups and 110000 funding rounds in the United States from 2000 to 2017, and by applying both Principal Component Analysis (PCA) and Tensor Component Analysis (TCA) in sector space, we visualize and measure the evolution of the investment strategies of different classes of investors across sectors and over time. During the past decade, we observe a coherent evolution of early stage investments towards a lower-tech area in sector space, associated with a marked increase in the concentration of investme","authors_text":"Clement Gastaud, Jean-Michel Dalle, Theophile Carniel","cross_cats":["physics.soc-ph"],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.GN","submitted_at":"2019-06-05T12:34:06Z","title":"The temporal evolution of venture investment strategies in sector space"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1906.01980","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:488935be559ab47d9d647f661402dd015c29bdb050c00cece1d0c6a73f971a1a","target":"record","created_at":"2026-05-17T23:44:05Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"c5473676b74e9f1581742e79959bdb71e25b3499d33f352f3ef451400c2b6249","cross_cats_sorted":["physics.soc-ph"],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.GN","submitted_at":"2019-06-05T12:34:06Z","title_canon_sha256":"1ed2020d9ff72a8412e48d8192e81687a34cc2f965e93303a395c72b76b09f72"},"schema_version":"1.0","source":{"id":"1906.01980","kind":"arxiv","version":1}},"canonical_sha256":"030ddd338fdb1363538d72c6f095b572811a5868ee60ef121c6180e7bde23e65","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"030ddd338fdb1363538d72c6f095b572811a5868ee60ef121c6180e7bde23e65","first_computed_at":"2026-05-17T23:44:05.532066Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-17T23:44:05.532066Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"/XHRTy2j8GZGJAW7k8Z11RccAshGrP8f20JmEZNip342zTkaHe5YCd/wjnRDCNdnT7T8f2+HqSev9LahkGrOAg==","signature_status":"signed_v1","signed_at":"2026-05-17T23:44:05.532759Z","signed_message":"canonical_sha256_bytes"},"source_id":"1906.01980","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:488935be559ab47d9d647f661402dd015c29bdb050c00cece1d0c6a73f971a1a","sha256:2ed34b6160be814260a92e09bf66917c9347272f7be93031256c6af046c86523"],"state_sha256":"f14cc525188ca1b76292781fc04099076cce440f7ae057ab5ed79dc34e203bf0"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"HvtRiLyp+hrMOEo01PVrGOIRSPVFNvT2+DT1rTWlvnG5KFSYRnYpGEkSIJUeDASLyQl8cPRdoV58/4jiSORKDQ==","signed_message":"bundle_sha256_bytes","signed_at":"2026-06-01T16:15:58.197361Z","bundle_sha256":"6cbab0c63e5a5c685612a404e0d5e820ca38632ee8142b005a12aa6877045640"}}