A memo to venture capitalists from a data scientist

Photo by Joen Patrick Caagbay on Unsplash

This memo is broken up into three arguments:

My first argument is why venture capitalists (VCs), should stop chasing disruptive unicorns.

My second argument is why VCs should still look for them.

My last argument is how VCs can use data science to maximize returns on a portfolio, applying principles from the first two arguments.

Let’s get started!

Argument 1: Stop Chasing Disruptive Unicorns

Startup unicorns are ones in which the company has a valuation of at least 1 billion dollars. Such companies are termed unicorns because there are few and far between. …

Using data science techniques to make intuitive decisions in everyday life

Photo by Paweł Czerwiński on Unsplash

What is Intuition?

Merriam Webster defines intuition as “a natural ability or power that makes it possible to know something without any proof or evidence: a feeling that guides a person to act a certain way without fully understanding why.”

Some people call it a sixth sense. Others use it interchangeably with “gut feeling.” Examples of intuition in a person’s daily life might look like this:

Boarding a plane and having a strong feeling that you know someone whose luggage is in the same bin.

Feeling suspicious about someone’s true intentions, despite no evidence of untoward behavior.

Thinking about calling a friend, then…

Aya Spencer

Corporate Data Scientist | Venture Fellow at BLCKVC | social media: @ayacancode | https://ayacancode.github.io | www.ayaspencer.com

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