How Hambrecht Uses Machine Learning to Up its Venture Hit Rate 3X

Venture capital is a “hit business.” The relatively few hits pay for the flops. And it's the tantalizing possibility of a mega-hit that animates the industry, that keeps investors dreaming, prospecting and writing checks. For venture capitalists, it’s the hits and the mega-hits that make the high flop rate tolerable. But is frequent venture failure inescapable? Could a probabilistic approach…

0 Comments

Hambrecht Ducera Growth Ventures leads $15M funding round for Buoy Health

Boston-based online diagnostic platform Buoy Health has recently announced the details of its Series B funding round. Buoy is a revolutionary health platform powered by advanced AI and offers users medical support in real time. “Based on our proprietary MESE™ models, Buoy’s impact relative to the amount of money they’ve raised is astounding, and we’re very bullish on their future,”…

0 Comments

Augmenting Innovation Decisions With Data Science

As a venture capitalist/data scientist, I’ve spent over a decade arguing that other venture capitalists and innovators can improve their decision making (a lot) through data science.  While the idea seems like a no-brainer today, 11 years ago it was heresy. Reactions to my work were historically hostile and emotional, and that’s putting it politely.  Words like “data science” and…

0 Comments

China, Unicorns and the Battle for Global AI

Guest Post by Angelina Cheok Back in 2015, China’s economy appeared to be at a crossroads. Its slowing growth seemed to herald a death knell for the country’s start-up boom, while the outlook for its tech sectors look equally grim. Think tanks, academics and journalists like the Harvard Business Review and Foreign Policy published scathing critiques of China’s inability to…

0 Comments

Gender Bias in Venture Capital: Bad Business

Venture capitalists are being called out for gender bias. A recent Fortune article reported that female founders received only 2% of venture capital dollars in 2016. Some high profile VCs, and VC-backed startups, are facing a litany of sexual harassment charges. An interesting study of VC decision making even found (unintentionally) how male and female founders were treated differently in subtle ways.…

1 Comment

Some Ideas Are Better Than Others (and I don’t mind saying so)

Some ideas are better than others. This is a challenge for business strategists, who are voracious consumers of ideas (books, seminars, case studies, articles, blogs, biographies, etc.), but who aren’t typically trained to judge an idea’s quality. This leaves strategists vulnerable to bias, persuasion, poor heuristics and psychophysiological reactions (called ‘intuition’). Everyone from the doorman to the chairman has an…

0 Comments

Venture Capital and Statistics: Art Meets Science

Venture capitalists usually try to avoid statistics, arguing that picking startups is more art than science. When asked why they don’t use statistical decision tools, most VCs say there either isn’t enough data to build reliable models, or picking startups is simply too intangible and complex to be reduced to math. There’s some truth to both arguments… but they’re getting…

0 Comments

Overconfidence, bad models and delusion

How bad can a predictive model be before people abandon it?  Intuitively, most people assume a model or decision process has to be right at least 51% of the time.  However when it comes to innovation and growth investing, people clutch onto models that are dead wrong 70%, 80% and even 99% of the time.  At what point is this…

3 Comments

No more articles

No more pages to load