73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Here are some examples: - You ask a small sample set so that data isn’t statistically significant. This type of statistical error is known as “selective bias.&#.

Southern California Sees $1.9 Billion In Q1 Deals, Biggest Since Dot Com Boom


billion in investments in Q1 of 2015, according to the latest numbers from the PricewaterhouseCoopers/National Venture Capital Association. billion in venture capital was invested for the quarter. Southern California saw a staggering $1.9

Vicente Capital Partners Funds SportsMEDIA


Los Angeles-based venture capital firm Vicente Capital Partners has invested $12.5M in a funding for sports statistics and information provider SportMEDIA Technology Corp. Vicente Capital's investment was led by Jay Ferguson. provides graphics, statistics, and video enhancement for sports broadcasts. Tags: vicente capital partners sportsmedia sports broadcast content television venture

Disney Accelerator Alumni StatMuse Picks Up $10M Round


Greycroft Partners, Promus Ventures, Haas Portman, Deep Fork Capital, and Bee Partners. StatMuse develops natural language search software and a social interface, which helps fans push out statistics about their favorite teams; the company currently has a deal with the NBA to offer up its service to fans of the league. accelerator disney techstars social software stats statistics media sports capital venture statmuse

Southern California's Top 10 Most Popular Tech Stories Of The Year


end-of-the-year coverage, we've run through our web statistics and figured out which were the. venture capital exits in. launch startup statistics popular feature stories year roundup techWhat was Southern California's technology community most interested in 2012? As part of our.

Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding


Naval Ravikant describes how Silicon Valley’s dominance over the venture capital landscape will evolve over time in the previously mentioned interview. The Founders of such a startup would be well served to invest their time pursuing non-venture capital funding.

Jacked Inks Deal With NBA


Jacked provides sports information, including scores, statistics for players, chat, blogs, play-by-play, merchandise, and more via the web, synchronized real-time with broadcast sports games. The firm is venture backed by Provenance Ventures, Core Capital Partners and Gabriel Venture Partners. Santa Monica-based Jacked, a provider of second screen information for sports broadcasts, said Monday that the firm has inked a deal with the NBA.

Deckard Technologies Finds $4M For AI Property Tax Software


Deckard Technologies says it uses real estate data, using data analytics, machine learning and advanced statistical analysis to identify where there might be unpaid property taxes. enforcement compliance software government property investment capital venture senturia neil technologies deckard

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms


Funk initiated the study last fall to create an historical statistical analysis of the financial outcomes for the region's venture-backed information technology companies. IPO successes (as measured by the market capitalization at the close of the first day of trading) include Entropic ($500M IPO in 2007), Divx ($625M IPO in 2006), eToys ($7.8BM IPO in 1999) and Xylan ($2.3B Tags: results investment exit california southern acquisition merger capital venture

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Disrupt Indy: Can Data Forge the Path to Inclusive Tech Ecosystems?


Although that may be changing as more big tech corporations are pressured to release their diversity statistics and change hiring policies, one only needs to look at the statistics to confirm that women, members of the LGBTQ community, and people of color are still not connecting to tech jobs and investment at anywhere close to the same rates as their white male peers.

6 Market Research Sources That Fit A Limited Budget

Startup Professionals Musings

If ten percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors.

GoPollGo, With Idealab Backing, Launches Twitter Polling Service


GoPollGo, which is based in Palo Alto, said it is bringing online polling with real-time analytics, all based on posting polls to Twitter followers and gathering real-time statistics, geolocated responses, and more. gopollgo venture capital idealab twitter polling micro message survey startupPasadena-based Idealab has made another investment in a Twitter-related service, in GoPollGo , which said today that it has launched an online polling service based on Twitter.

Black Fellowship Students Headed From HBCUs to VC Boardrooms


In mid-October, eleven college students will be flying to California for an opportunity that would be the envy of any Ivy League MBA candidate—they’ll meet the venture capital firm partners who will personally mentor them throughout the school year.

My Commencement Speech?—?Life at Your Crossroads

Both Sides of the Table

That’s an amazing statistic and reminded me of my family’s journey. After just 4 years I become managing partner of what is now the largest venture capital fund in Los Angeles. My Commencement Speech?—?Life

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Measuring your power in the Internet marketplace.


A simple statistic which can be derived from a good general ledger using GAAP accounting procedures. A better measure of capital efficiency. There are a number of key performance indicators that help new generation company management see more clearly their progress and corporate health.

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The Resetting of the Startup Industry

Both Sides of the Table

The startup industry may be “resetting,” which doesn’t mean a “crash” but rather just a resetting of valuations, timescales, winners/losers, capital sources and the relative emphasis of growth rates vs. burn rates.

The last money has the first say.


Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. These are only a few of the considerations that have caused an increasing number of early stage entrepreneurs to draw business plans for companies that can be grown with angel and friends-family capital.

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Los Angeles Ranks Among Top AngelList Cities


The Los Angeles area ranks among the top markets for activity on the angel investment service AngelList , according to new statistics released by the service Monday. angellist angel investment venture capital fundingAccording to AngelList, Los Angeles was third in the list of top five locations with activity on the service. That list included Silicon Valley, New York, Los Angeles, London, and Chicago. AngelList helps broker individual angel investments in startups.

10 Reasons For Joining The New Startup Wave Now

Startup Professionals Musings

According to Statistic Brain , angel investors, numbering almost 300,000, contributed a record $25 billion to early-stage startups in the U.S. angel investors business entrepreneurs startup wave venture capital

Why You Shouldn’t Be Fooled by Your Own Expertise

Both Sides of the Table

I was influenced heavily before my career even began because in my undergraduate work I took a ton of statistics classes that showed how easily we human brains fall prey to easy biases and slights of data and try to draw conclusions that don’t exist.

6 Ways To Find A Fundable Startup Market Opportunity

Startup Professionals Musings

If ten percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from Angel and venture capital investors.

Investors Love A Credible Entrepreneur Market Sizing

Startup Professionals Musings

If 10 percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors.

Girls in STEM and Cyber Security Among Top Startups at Eureka Park 2018


Bureau of Labor Statistics (BLS) , where are these women to fill these positions? I had a chance to talk with founders about what’s awesome about growing a business near the nation’s capital and how the community has supported their growth.

IntraStage Raises Angel Funding


San Diego-based IntraStage , a developer of quality management software for companies who design and manufacture electronic products, including statistical process control (SPC) and other testing and data analytics tools, has raised a round of angel funding. Tags: intrastage venture capital quality management testing electronics manufacturing angel

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OpenX Launches New Release


Among updates to the software, the firm said that software now provides better statistics on advertising, more streamlined install and upgrades, and a new wizard for generating advertising tags. OpenX is venture backed by DAG Ventures, Accel Partners, Index Ventures, Mangrove Capital, First Round Capital, and others. Pasadena-based OpenX , which develops open source, ad serving software, said Tuesday that it has launched a new version of its software.

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Entrepreneurship: Nature vs. Nurture? A Religious Debate

Both Sides of the Table

At the margin you can make yourself better at sales, product design, marketing, leadership, capital raising, etc. I just take issue with the words “highly statistical.&# It is not highly statistical and yet it has the aura of highly statistical. Nature vs. Nurture.

Web 1.0 Entrepreneurs: we are roadkill unless we learn to run as fast as today’s founders.

Steve Reich

Let me give you a few examples: SwingbySwing Golf created an iPhone/Android app that lets golfers use the GPS in their phone to measure distance to the hole and track statistics. Capital to date? $20k Get Angel capital and build a prototype. New companies are being created at stunning speed by today’s founders. If you can’t keep up, you are dead.

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Jacked Acquired By Roundbox


Jacked developed software which provided real time information--statistics, data, web content, and other information--synchronized with sports and other broadcasts. Jacked was venture backed by Provenance Ventures, Core Capital Partners and Gabriel Venture Partners. Santa Monica-based Jacked , a developer of second-screen, companion applications for TV broadcasts, has been acquired by Roundbox , a New Jersey-based developer of mobile broadcast software.

If Your Passion Is Saving The Environment, Start Here

Startup Professionals Musings

I still see a big opportunity to capitalize on sustainability, attract investors, be the next unicorn, and leave a legacy you can be proud of. Today, statistics find that big trucks are sitting idle or deadheading empty as much as 50 percent of the time.

How TVC Aims At Acquisitions, Not IPOs, with Jeb Spencer


Southern California's technology community--despite all of the recent excitement around Silicon Beach--continues to be underserved in terms of capital, with a lack of venture capital funds (with money), and other private technology investors.

From Startup Newsletter To Best Selling Book: How This Entrepreneur Pulled It Off


Consistent with the statistics cited in Why Entrepreneurs Hate (Most) MBAs , the large majority of John and Kyle''s classmates accepted positions at investment banks and consulting firms upon graduation. Dear Friends, We have no income and no venture capital funding.

Entrepreneurship Is A Compulsion, Not A Choice


One of the most repeated statistics trumpeted by the popular press is that “Four out of five businesses fail”. When sole proprietorships are removed from the statistics, the success rate of startups improves even further. This entry originally appeared at Live Your Legend. “It

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Streamlining The Sports Recruiting Process with FieldLevel


Form there, we got interest from incubators, angel investors, and venture capital. That''s the quantitative analysis of statistics to find players. But, we believe that the process doesn''t work at the high school level, because those statistics are not reliable.

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7 Equity Crowdfunding Risks Feared By Many Investors

Startup Professionals Musings

According to statistics by Fundly , crowdfunding contributed $34 billion in funding last year around the world, including peer-to-peer lending. Although professional investors may discount the impact of crowdfunding, they can’t argue with the growth of this new industry in the last few years.

10 Quotes That Tag You as a High Risk Entrepreneur

Startup Professionals Musings

Statistics show that at least 50% of new startups fail within five years, and many of the survivors eventually fail. You can’t start a business without capital, but having capital doesn’t mean you can start one.