Data-driven VC Landscape 2024

Huge congrats on the launch of this report! It’s a must-read for all investors wanting to become more efficient and effective with the help of data & AI. Just wondering what were your biggest surprises? 🦄

Hi Product Hunt, I’m Andre, the author of Data-driven VC and Partner at Earlybird Venture Capital. Wanted to share a bit of history of why I thought something like the Data-driven VC Landscape should exist and how it came to be 🤓 As an engineer by training, I spent over 5 years automating production processes and predicting machine failures using anomaly detection before stumbling into VC. When I started my internship in the industry, I was excited to work with the smartest and most ambitious minds across our portfolio companies, LPs, and own team. However, I was shocked at the manual, inefficient, and biased way the job was done. The only transformation the VC industry had seen was from pen and paper to Word, Excel, and PowerPoint. It was incredible how such talented people wasted their time and resources with repetitive monkey work. This experience led me to pursue a PhD on the topic of “Machine Learning and the Value of Data in Venture Capital” to understand if and how this opaque industry could be digitized. After countless experiments and more than a hundred VC interviews, I built the first prototype of our data-driven sourcing and screening platform at Earlybird. While I was excited about the project, I didn’t have enough time as an investor to develop a proper solution that could be used by my other colleagues without coding skills. As a result, we hired our first full-time engineer and grew the team to 7 world-class developers as of today🚀 Throughout this journey, I connected with many like-minded people in similar positions at other firms. Surprisingly, we had different ideas for varying parts of our investment processes, yet the exact same pain points: * What are the most important data sources? * Which parts of the tech stack should we buy, and which components should we develop ourselves? * How can I convince the partners to allocate a budget? * How can we hire the right people for such a project? * How can we incentivize our investors to adopt new tools? The fact that so many like-minded people were sharing the same challenges eventually led me to start the Data-driven VC community. Being a big believer in open-source, my hypothesis was that if I give something useful to the world, it will come back 10x. Following the great feedback on my Data-driven VC newsletter and the inaugural version of this report in 2023, we doubled down this year and collected over 300+ surveys responses and tons of data to provide even deeper insights and tangible results to accelerate your DDVC journey: https://landscape2024.datadriven... * 190 data-driven VC firms * 100 thought leaders * 400+ tools for modern investors * The Lab: One place to find everything you need to run a modern investment firm. Content, Products & Tools, Events, Community Channels, and more I’m absolutely thrilled to hear your feedback and continue growing our amazing community. Thank you for your support and stay driven! Andre

Great hunt @pascal_weinberger and congrats @andre_retterath on the launch of the 2024 report. It's really insightful to see who are the driving forces of focusing on data in the VC ecosystem. For me it's about amplifying conviction with data so the Data+Human aspect is a clear value. Also great to see you evolving it to a Summit and tools.