How AI and Data Science Can Modify the VC Industry - insideBIGDATA

Venture Capital (VC) is one of the most powerful mechanisms in modern society for catalyzing innovation – particularly in technology – however, ironically, the VC industry itself is not particularly innovative. The truth is that the VC's have been slow to adopt the AI technologies they help fund. VC is a business that historically, and even now, is deeply rooted in personal relationships, intuition, reputation and a very analog flow of ideas and information. However, the dominance of analog, purely intuitive approaches to early stage investing might be at an end. With the AI tools at our disposal, even now, we can eliminate major areas of uncertainty that currently – frankly – require guesswork, and which slow down decision making unnecessarily.