Jager McConnell, CEO of Crunchbase, is a trailblazer in tech innovation, sharing insights into using AI to predict the next billion-dollar startup. He discusses Crunchbase's prediction engine, revealing how it analyzes data signals to forecast fundraising timelines and identify trends. The conversation dives into the evolution of data acquisition in startups, highlighting the importance of accurate, updated content. Jager emphasizes how democratizing predictive analytics can reshape investment strategies, offering valuable tools for investors and sales teams alike.
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insights INSIGHT
Crunchbase's AI Prediction Engine
Crunchbase evolved from a historical record into an AI-driven platform that predicts future company events.
Their prediction engine uses proprietary and user engagement data to forecast fundraising, acquisitions, and IPOs.
insights INSIGHT
Predicting Fundraising with AI Signals
Thousands of feature vectors, like profile updates and investor interest, signal a company's readiness to fundraise.
AI analyzes patterns, including user behavior and news, to predict funding events far beyond simple time-based guesses.
insights INSIGHT
Accuracy and Limits in Predictions
Crunchbase achieves 95% precision and 99% recall predicting fundraising, showing high accuracy.
Timing predictions remain challenging; predicting exact fundraising dates is still more guesswork than certainty.
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Episode 59: Can artificial intelligence accurately predict the next billion-dollar startup? Matt Wolfe (https://x.com/mreflow) and Nathan Lands (https://x.com/NathanLands) are joined by Jager McConnell (https://www.linkedin.com/in/jager/), CEO of Crunchbase and a leading product and data innovator in the tech and investment landscape.
In this episode, the hosts dive deep into how Crunchbase has evolved into an AI-powered platform for investors, sales teams, job seekers, and anyone looking to get ahead in the startup ecosystem. Jager shares details on Crunchbase’s cutting-edge prediction engine, which uses proprietary data, AI, and machine learning to forecast company fundraising, acquisitions, growth, and more. Find out how data signals can reveal when companies are preparing to raise rounds, how sales teams and investors can identify trends before the crowd, and why democratizing predictive analytics might reshape the entire investing world.
Check out The Next Wave YouTube Channel if you want to see Matt and Nathan on screen: https://lnk.to/thenextwavepd
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Show Notes:
(00:00) AI-Driven Corporate Prediction Engine
(03:43) Predicting Company Fundraising Timelines
(06:50) Predictive Accuracy in Fundraising
(11:15) API Prediction Score Integration
(12:23) Programmatic Insights with Crunchbase
(15:42) User Data to Investment Shift
(20:58) Future AI Industry Heat Score
(23:38) AI-Driven Business Workflow Evolution
(27:20) AI-Driven Sales Conversations
(29:41) Crunchbase Trends and Rankings
(31:53) Podcast Appreciation and Subscription Invitation