Two unicorn companies are included in the map: the automated endpoint protection company Tanium and the predictive intelligence company Cylance.
What’s crack for VCs and startups?
Data network effects occur when more users get you more data which lets you build better algorithms and ultimately a better product to get more users and hence more data.
Being a data company, data network effects have been our holy grail.
And also are much harder to make happen than we ever imagined.
However, by finally appealing to people’s enlightened self-interest with our rankings and market maps and our newsletter reach (all comprising the aforementioned crack), the CBI data flywheel is humming, giving us an unfair data advantage.
If interested in data network effects, check out posts/podcasts by Matt Turck of Firstmark Capital and Vijay Pande and Alex Rampell of a16z which are very helpful, as well as a post on data acquisition strategies by Moritz Mueller-Freitag. (see The Blurb)
$200M+ has been invested by Mark Cuban, First Round Capital, New Enterprise Associates, and other high-profile investors in Metromile, the company that pioneered pay-per-mile auto insurance.
After recently acquiring Mosaic Insurance for a reported $22M, Metromile can now handle the entire underwriting and claims management process internally.
We sat down with Dan Preston, CEO of Metromile, to discuss the company’s strategy, partnerships, and product direction. Below is a timeline of some of the company’s notable partnerships.
Dan will be speaking at The Future of Fintech where we’ll dig into the business model more and how the company has taken strategic investment from incumbent insurance carriers, while simultaneously looking to disrupt a portion of the industry at the same time.
