Venrock Partner Nick Beim highlights Dataminer's early-stage detection capabilities by citing how quickly it surfaced the news of Osama bin Laden's death compared to major news organizations.
Assertion Supported
Beim: It remains harder for female entrepreneurs to raise VC funding
“In direct answer to your question, I think it still is harder for female entrepreneurs to raise money, and it's sort of an uncomfortable truth in the industry, but I do think it's important to call out”
What-if
Beim: Gilt Groupe could not have succeeded equally on the West Coast
“Having vested in guilt when it was just three people, I can promise you could not have built that company to the same degree of success in the West Coast, because, you know, all of the fashion brands are in New York, all of the great merchandising talent, desi…”
Opinion
Nick Beim: New York is by far the most exciting East Coast startup hub
“I think Boston is still great at a number of areas, but I think New York has really become, by a significant margin, the most exciting startup hub on the East Coast.”
Assertion Supported
Beim: A $60B pipeline of successful female-founded tech companies exists
“There is a pipeline, and I've actually done some research on this and wrote a blog on it, it's about a sixty billion dollar pipeline of very successful female-founded companies, including Epic Systems, Theranos, Eventbrite, Howes, Guild, many others.”
Prediction Held up
Beim: Major financial platforms will offer social impact funds within five years
“And I, my strong bet is that these Types of metrics will evolve and that say in the next five years, many major institutional investors and every major consumer internet platform like Fidelity or personal capital will offer access to some kind of social impact…”
Assertion Not checkable as stated
A hedge fund beta customer offered Dataminer a $1B fund partnership
“In fact, one of the customers wanted them to build a fund with them, and, you know, a billion dollar fund and split the And, you know, Dataminer didn't do that, but it was a it was an interesting indication of how powerful the technology was.”