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. Or as Mark Twain popularized the quote most attributed to the Prime Minister of England, Benjamin Disraeli, “there are three kinds of lies: lies, damn lies and statistics.&# The quote is meant to highlight the deceiving but persuasive power of numbers. Here are some examples: - You ask a small sample set so that data isn’t statistically significant.

Bccthis Adds Statistics To Twitter Client

socalTECH

Los Angeles-based Bccthis , which develops software which connects Twitter, Microsoft Outlook, and the BlackBerry, said this week that it has launched a number of features to provide statistics and analytics on the service. The firm--which is headed by Dave Waldman and Michael Steuer--said that its Twitter client now gives information such as number of clicks received per-country, hourly, daily, and weekly breakdowns of clicks, and more. Bccth.is

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6 Simple Steps to Avoid Becoming a Cybercrime Statistic in 2018

Xconomy

We can all agree that 2017 was a brutal year for cybersecurity. Verizon’s Data Breach Investigation Report identified passwords as the root cause of more than 81 percent of breaches in 2016 – an 18 percent increase from the previous year. And, it’s a safe guess that this year, the percentage will grow. At last year’s Blackhat Cybersecurity conference, Alex Stamos, the chief security officer of Facebook, reported that passwords are one of the biggest security challenges Facebook faces.

5 Equity Crowdfunding Reflections Before You Sign Up

Startup Professionals Musings

According to more recent statistics , fewer than a quarter of all crowdfunding operations end up being successful, and the rest have to return anything they do collect. Cliff Ennico crowdfunding equity statistics

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Esri Wins UAE

socalTECH

Redland-based geographical information systems (GIS) software maker Esri announced this morning that it has entered into a memorandum of understanding (MOU), with the national statistics agency for the United Arab Emirates. According to Esri, the MOU came with the UAE's Federal Competitiveness and Statistics Authority (FCSA). esri middle east software mamppingn geographical information systems statistics

10 Positive Signs For Starting Your Own Business Now

Startup Professionals Musings

entrepreneur new business startup statisticsWith the current strong economy I’m seeing a continued resurgence of entrepreneurial spirit, and more startup activity than ever before.

Spireon: More Driving Leads To Upsurge In COVID-19 Cases

socalTECH

spireon driving covid19 pandemic information statistics virus social distancing data study diseaseIrvine-based vehicle intelligence and data provider Spireon , looking to provide more insight into the ongoing COVID-19 pandemic, said this morning that its data shows that driving has a strong correlation to upsurges in COVID-19 cases.

Disney Accelerator Alumni StatMuse Picks Up $10M Round

socalTECH

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

socalTECH

venture capital quarterly pricewaterhousecoopers moneytree southern california angeles orange county diego investment statistics Southern California saw a staggering $1.9 billion in investments in Q1 of 2015, according to the latest numbers from the PricewaterhouseCoopers/National Venture Capital Association. MoneyTree report, which was released this evening, The quarter was the biggest, investment quarter for Southern California since the dot com era.

Draftpedia Aims At NFL, NBA Fans

socalTECH

draft statistics stats sports sporting players history smartphone itunes draftpedia Are you a fan of the NFL or NBA--and wish you had an easy reference to the players and picks in the draft for those two sports leagues? A new, Santa Monica-based startup has created a new iTunes application, Draftpedia , aimed at providing a comprehensive source for NBA and NFL Draft history, player stats, and team rosters.

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

socalTECH

end-of-the-year coverage, we've run through our web statistics and figured out which were the. launch startup statistics popular feature stories year roundup techWhat was Southern California's technology community most interested in 2012? As part of our. most popular (if maybe not the most important) stories, based entirely on the number of times. an article was accessed on our publication. Virgin Galactic Gets FAA Launch Permit - In May, Virgin Galactic was.

Layoffs Take Big Toll In California In 2009

socalTECH

According to statistics gathered by the US Department of Labor's Bureau of Labor Statistics, during 2009, employers in California took 6,377 mass layoff actions, which resulted in the loss of 532,028 jobs in the state. Tags: layoffs jobs 2009 labor statistics employment employee economy The latest number released from the United States Department of Labor finds that 2009 was an ugly year for Californians, as measured by the number of mass layoffs and jobs lost.

There is a Visionary Leader Behind Every Thriving Business

AllTopStartups

Statistics show that more than 90% of new businesses disappear within 5 years of launching and less than 5% of businesses survive over a period of 10 years.

Edmunds.com Provides New Car Data

socalTECH

edmunds data industry statistics vehiclesSanta Monica-based Edmunds.com , which provides online information about automobiles, said last week that it has launched a new tool to provide new car data for the automotive industry.

When Does Your Company Need to Graduate to Data Science?

Tech Zulu Event

Data Science vs. Statistical Analysis. Data science differs from traditional statistical analysis and computer science in that scientific method is applied with data collected using scientific principles. The reason for the growing need for this new approach is related to big data, which requires the use of a very different technology stack than statistical analysis. Whether you know it or not, you’re in the data business.

The shocking truth about employee loyalty

Berkonomics

A recent statistic I saw surprised me. How we often handle employment issues today. When we accept the work commitment from a person we hire, we make a pact with the new employee that often stops at agreeing to pay for service rendered and to provide a safe working environment.

Big Data is Not Penicillin

Tech Zulu Event

If you are looking for a data miner and analyst with a background in computer science, business and statistics all at a graduate level, you are going to be incredibly disappointed. The so called “machine learning” that you are hearing so much about is really just simple statistics that any college student could perform for you. Business Data Big Data business endeavors Data Scientist online business industry small business Software Statistics Technology

L.A. Tech Wages Rising Fastest in the Nation

L.A. Business Journal

Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S.

Jacked Inks Deal With NBA

socalTECH

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. 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. According to Jacked, it will provide an interactive, second screen companion to a number of NBA teams.

Frameworks Round 3

TechEmpower

Timed tests means Wrk''s computation of latency statistics is more accurate for high-performance frameworks. We''ve previously posted two rounds of results of benchmarking many web application platforms and frameworks. The community''s response remains strong! We have really enjoyed your comments, advice, questions, criticism, and pull requests. Speaking of pull requests, we received tests for several additional frameworks since Round 2 and we have posted Round 3.

Entrepreneurism is all about personal risk.

Berkonomics

Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise. Well, of course it is. So, let’s dig a bit deeper.

Startups: What are your odds for success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. Bureau of Labor Statistics states that 50% of all businesses survive five years or more, and about one-third survive ten years or more. Although these are not parallel studies or similar statistics, most seem to refute Fortune’s claim that 90% of all startups fail. Starting a company is HARD – in so many ways. And risky too.

With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Indeed these trends were already apparent in the statistic that home improvement spending was up 3 percent in 2020 even though the broader economy shrank by 3.5 Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion?

SaaS 211

Everything about Java 8

TechEmpower

The primitive streams also provide methods for obtaining basic numeric statistics about the stream as a data structure. The following post is a comprehensive summary of the developer-facing changes coming in Java 8. This next iteration of the JDK is currently scheduled for general availability in September 2013. At the time of this writing, Java 8 development is still very much in progress. Language features and APIs may still change. I'll do my best to keep this document up to date.

Java 440

Have you heard the rule of the thirds?

Berkonomics

Nearly none, if statistics and experience are key to the answer. It starts with sharing the opportunity and upside. Think of startups and early stage businesses whose entrepreneurs you know.

6 Keys To Sizing Your Market For A New Business Plan

Startup Professionals Musings

Use your favorite search engine and keywords describing your solution to find online sales reports, trade association statistics, and online newsletters with the latest statistics.

From bioprinting lab-grown meat in Russia to Beyond Meat in the US, KFC is embracing the future of food

TechCrunch LA

The company cited statistics indicating that growing meat from cells could half the energy consumption involved in meat production and reduce greenhouse gas emissions while dramatically cutting land use.

Sign short term leases early on. Move as you grow.

Berkonomics

It is statistically true that at least half of the young companies funded by angel or venture investors will not survive three years from funding to demise, and more than that percentage will die with two years if not well financed. Close. Avoid long-term commitments.

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

socalTECH

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. A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009.

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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. According to Chartable, it raised $2.25M in its seed funding, which was led by Initialized Capital, and also included Naval Ravikant, Greycroft Partners, The Fund, Weekend Fund, Jim Young and Lukas Biewald. Chartable is an "all-remote" startup, although its founders are based in New York City.

L.A. Tech Employees’ Pay Increases Pace Field

L.A. Business Journal

Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S.

Urovant Bladder Drug Hits Test Goals But Can’t Outpace Generic Rival

Xconomy

The difference was statistically significant. However, the Urovant drug did not achieve statistical significance compared to a third group. Urovant Sciences says its experimental drug for overactive bladder could offer advantages compared to an FDA-approved treatment marketed by Astellas Pharma. But late-stage clinical results released Tuesday raise questions whether Urovant can persuade doctors to prescribe it instead of a much cheaper generic competitor.

How to make the most useful dashboard

Berkonomics

If your business has no trade with Japan that could be affected by arbitrage, early shipments or other tactics that take advantage of the moving value of these currencies, that statistic is irrelevant to the dashboard – even if interesting to you. The need for real time information.

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. There are several key performance indicators that help new generation company management see more clearly their progress and corporate health.

With Phase 2 Data in Hand, Ovid Eyes Multiple Pivotal Trials for Epilepsy Drug

Xconomy

The study was small and was not designed to show statistical significance. Ovid Therapeutics and Takeda Pharmaceutical joined forces three years ago to develop a small molecule into a potential epilepsy drug.

Which is more important: Management quality or a better plan?

Berkonomics

If you read last week’s analysis of statistics for startups and early stage businesses, you have learned the truth that at least half of the businesses backed by professional early stage investors will die within three years or less. So, what do you think is more important? The quality of your management team, or the plan you execute toward success?

Celebrating the Life and Work of Tony Hsieh

Tech.Co

He knew that statistically, not all new endeavors would work out, but that was ok. By Frank Gruber and Jen Consalvo. It’s with profound sadness we mourn the loss of a true visionary, author, mentor, thought-leader, investor, and friend, Tony Hsieh.

Are you the bottleneck in your organization?

Berkonomics

The book was written to describe in simple terms the use of statistical analysis to remove bottlenecks in a manufacturing environment. Close. At many board meetings, I can be counted upon to ask, “Where’s the bottleneck this month?” Senior management is usually prepared with an answer, and a good discussion of resource availability and application follows. Sometimes, the bottleneck is not so visible to the CEO.

Double down!

Berkonomics

But what if we separate ourselves from that mindset long enough to search for and find sparks of success sometimes buried within our sales statistics. This piece of wisdom came from Jeff Bezos, founder & CEO of Amazon, during a board meeting for one of the companies where he sits as board member. Jeff asked the question “Is there anything big or small, which is working better than you expected? Is there anywhere we could double down?”.

Esports One Wins Riot Games Brazil

socalTECH

Esports One's flagship product is OneConsole, which provides a dashboard of live statistics on esports tournaments, which can be used by esports commentators. Santa Monica-based Esports One , which develops data and analytics software for the esports industry, said on Tuesday that it has partnered with Riot Games. Esports One said it will provide real time stats and data to Riot's League of Legends broadcasts in Brazil. Financial details of the deal were not announced.

10 Self-Assessment Checks For Aspiring Entrepreneurs

Startup Professionals Musings

Statistics say that the failure rate for new businesses within the first 5 years is as high as 90 percent. Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle.

Esri Wins United Nations

socalTECH

According to Esri, the work with the United Nations Statistics Division (UNSD) will be used to measure, monitor, and report on the Sustainable Development Goals (SDGs) for member states. Redlands-based Esri , the developer of mapping and geographical information systems (GIS) software, reported this week that it will be powering a new platform for the United Nations, to help report on progress for sustainable development goals.

Everything you do adds or reduces company value

Berkonomics

Know first that statistically, 80% of all acquisitions do not meet the intended objectives of the acquirer, making most all acquisitions risky. Each decision you make to commit resources – your money or your use of corporate or personal time – affects the future value of your business.