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Scaling a crowd sourced data platform Matt Kaufman — [email protected]

Matt Kaufman @ All Things DATA 2016

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Page 1: Matt Kaufman @ All Things DATA 2016

Scaling a crowd sourced data platform

Matt Kaufman — [email protected]

Page 2: Matt Kaufman @ All Things DATA 2016

CrunchBase is the world’s most widely used private company dataset

22MUsers in 2015

2,500Venture Partners

200kContributors

Page 3: Matt Kaufman @ All Things DATA 2016

Ten Years of CrunchBase

2005 2007 2010 2015

Trust the community to report company data

XLS

Page 4: Matt Kaufman @ All Things DATA 2016

Sources of Data

Page 5: Matt Kaufman @ All Things DATA 2016

Contributions to CrunchBase

¤ In the first half of 2016…

¤ 380,000 profiles updated

¤ 140,000 profiles createdCuration

Partners

Community

Page 6: Matt Kaufman @ All Things DATA 2016

Contributions to CrunchBase

¤ 200,000 individual contributors

¤ 75,000 profiles updated each month

¤ Not all data can be crowd-sourced

¤ Easy to start, but hard to maintain

¤ Community norms matter from the start

Curation

Partners

Community

Page 7: Matt Kaufman @ All Things DATA 2016

Contributions to CrunchBase

¤ 2,500 investment firms Venture Program

¤ Government and commercial licensees

¤ Partners are reluctant without traction

¤ Partner management requires effort

Curation

Partners

Community

Page 8: Matt Kaufman @ All Things DATA 2016

Contributions to CrunchBase

¤ Crawling the web, news, and social media

¤ Teams in India provide human curation

¤ Machine learning works, but…

Curation

Partners

Community

Page 9: Matt Kaufman @ All Things DATA 2016

Breadth — Depth — Accuracy

¤ Crowd sourced data is tough to measure

¤ Identify quantifiable metrics

¤ Create longitudinal analysis

¤ Partners can validate where you cannot

¤ User behavior can identify issues validate

2016 study by Kauffman Foundation

Page 10: Matt Kaufman @ All Things DATA 2016

Research Driven by CrunchBase Data

Page 11: Matt Kaufman @ All Things DATA 2016

Measuring the Growth of Female Founders

¤ Several studies in 2014-2015 discussed challenges

¤ CrunchBase positioned to deliver transparent analysis

¤ Automated analysis using biographical text and first-names

¤ Manual review to address limitations in automation

¤ Invite community to identify errors and make corrections

Page 12: Matt Kaufman @ All Things DATA 2016

Upward Trend for Female Founders

¤ In 2009, 9.5% startups had at least one woman founder

¤ By 2014 that rate had almost doubled to 18%.

Female Founders On An Upward Trend, According To CrunchBase May 2015

Page 13: Matt Kaufman @ All Things DATA 2016

Comprehensive Study of Women in Venture

62 of the 100 global largest venture capital firms have zero female partners.

7% of investing partners at the top 100 global venture capital firms are women

The first comprehensive study on women in venture capital and their impact on female founders — April 2016

Page 14: Matt Kaufman @ All Things DATA 2016

Trends in Venture Investments

Page 15: Matt Kaufman @ All Things DATA 2016

Early Stage Venture Trends in US

¤ Report of major drop in Seed funding was pre-mature Seed volume down 10% Q1-16 YoY

¤ Investors make bigger bets in Seed as bar rises for A Seed round size up 25% Q1-16 Y-o-Y

¤ Valuations fall for Series B as later stage contracts Series B size down 25% vs 2015 high

Page 16: Matt Kaufman @ All Things DATA 2016

Growing Coverage of Israeli Startups

4,000Companies with offices in Israel

1,200Investors in

Israeli companies

60,000Web visitors from Israel each month

Page 17: Matt Kaufman @ All Things DATA 2016

Thank You

Matt Kaufman — [email protected]