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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.&#. People throw them around at cocktail parties.

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What are the odds of your startup’s success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. Even more credible statistics [Email readers, continue here…] John Chambers, former CEO of Cisco, stated that “More than one-third of businesses today will not survive the next ten years.” Starting a company is HARD – in so many ways.

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Vicente Capital Partners Funds SportsMEDIA

socalTECH

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.

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6 Ways To Get Credible Data To Support A New Venture

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. The wealth of data available online is already much larger than the entire Library of Congress, and much more current.

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Greycroft Backs Chartable In $2.25M Funding

socalTECH

Los Angeles-based venture investment firm Greycroft Partners is one of the backers in a $2.25M funding round for Chartable , an online service which provides statistics for podcast downloads. Chartable is an "all-remote" startup, although its founders are based in New York City.

Funding 113
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6 Keys To Sizing Your Market For A New Business Plan

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. The wealth of data available online is already much larger than the entire Library of Congress, and much more current.

Marketing 157
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How to measure your power in the Internet marketplace.

Berkonomics

A simple statistic which can be derived from a good general ledger using GAAP accounting procedures. A better measure of capital efficiency. The lower the number, the more efficient the marketing and sales campaign, and the more efficient the use of financial capital in customer acquisition. The lower, the better.