To be clear, I’m not saying data-driven VC can’t be done.
I’m saying that 99.9% of the folks who say they do it are nonsense.
The 21 strategies detailed here show how data can be used in relatively pedestrian ways to help VCs make decisions. The reality, however, is that VCs stand to benefit the most from using data in these basic ways before they get into algorithms and AI.
Walk before we run and all that good stuff.
Of course, algorithms and AI are much better for getting press and separating gullible LPs from their money.