Data-driven VCs should start by answering one fundamental question: 'What data available in the world correlates with the signals most relevant to our firm?'
Billionaire Evergrande Founder Reportedly Placed Under Police Surveillance In China As Fears Of Collapse GrowData-driven VCs should start by answering one fundamental question:"What data available in the world correlates with the signals most relevant to our firm?"
From there, it’s useful to articulate which stage of the firm’s value chain will benefit most from a data-driven initiative. For example, good deal sourcing datasets require exhaustive coverage. You need as much data as possible on your entire universe of potential startups and founders to ensure nothing gets missed.
Getting specific on the types of data your firm requires and why will give you an actionable blueprint for the next step—experimenting with existing tools.With your data needs defined, you can be proactive about sourcing datasets that cover those signals and attributes and experimenting with that data using tools that are widely available.
For one of our customers, the focus of data is on developer platforms and infrastructure software. They mentioned that they extract data from sources on developer platforms, which they then operationalize using their internal tooling to pinpoint projects that stand out as potentially intriguing or deserving of further attention. That approach helps them recognize emerging trends and the factors that contribute to the success of specific products.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Council Post: 2024 Tech Trends Businesses Should Start Preparing For NowFrom refining and expanding AI usage to balancing the need to innovate with tightening budgets, there are multiple emerging tech trends businesses need to know about.
Read more »
Council Post: How AI Is Disrupting The Business Of Physical SecurityWith the addition of AI, physical security solutions are no longer passive but are actively intelligent devices that can monitor video feeds in real time.
Read more »
Council Post: Why You Need A Unified Approach To Digital TrustDigital trust has evolved beyond a mere industry buzzword; it is now an integral aspect of sound business strategy.
Read more »
Council Post: Securing The Final Frontier: Why Cybersecurity In Space Matters NowWhen it comes to critical infrastructure in space, resilience and attack prevention are increasingly urgent.
Read more »
Council Post: Trusting AI For A Better Future In HealthcareThe process of building trust in healthcare AI might be a complex one, but it’s certainly doable—and it will be achieved.
Read more »