Data-Driven Decisions: How Startups And VCs Leverage Analytics For Success

Forbes November 6, 2024
Yusuf Berkan Altun

Yusuf Berkan Altun, Technology Entrepreneur, Angel Investor and Founder of LemonRocks AI.

The data analytics market is exploding, growing from $41.05 billion in 2022 to a staggering $279.3 billion by 2030. One question looms in the background: Can businesses afford to ignore the power of data?

For venture capitalists and startups, the answer is clear: no. Are investors still relying on gut instinct when they could be using AI to predict market winners? And are startups tracking the data that could make or break their pitch?

Evolution Of Data Analytics In VC

Just a decade ago, data on startups was scarce. Public registers weren’t digitized, startup databases had minimal coverage, and most venture investments relied on personal networks and referrals....

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