Michael Babineau, co-founder and CEO of data analytics platform Second Measure, discusses the company's customer base among venture capital firms.
Assertion Not checkable as stated
Lapsed Amazon Prime subscribers continue spending more than they did before subscribing
“People who became an Amazon Prime subscriber, even if they lapse, right, even if they are no longer a subscriber they're still spending more on Amazon after than they did before.”
Assertion Not publicly verifiable
Most hedge funds operate without any in-house coders, Michael Babineau says
“In reality most most hedge funds have a handful of analysts and just some back office support, right? They don't have any coders in house.”
Insight
Investors generally lack the technical skills to process messy credit card data
“Credit card transaction data is, it's a messy and, like, there, it's a messy data set with unstructured data problems baked into it. And the skill sets of investors, even the more technical ones those tend to lean more towards, like, time series analysis as op…”
Assertion Supported
Stitch Fix did not cannibalize department store spending, Second Measure found
“And what we found is that Stitch Fix had
no impact on department store spend.
Right?
People just started spending more on clothes.
Period.”
Assertion Supported
Peloton monthly active members have surpassed SoulCycle riders, Second Measure data shows
“I mean, the short version is that Peloton has now surpassed SoulCycle in terms of, like, the number of active Peloton members, right, and this is based on a spending based on spending behavior. Active Peloton members on a monthly basis have surpassed the numbe…”
Insight
Data science tools can be taught on the job, but math cannot
“It's our view that if you come in with that, that strong that strong, like, you know, mathy foundation, that learning the tools, like, the tools can be taught, right? We can, like, we're happy to help to help people get onboarded with, like, using Python. Like…”