67. The Bloomberg for Private Companies, Part 1 (Anand Sanwal)
Feb 8, 2016
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Anand Sanwal, Co-founder and CEO of CB Insights, discusses the background and motivation behind starting CB Insights, the business model and pricing of the company, data sourcing and confirmation techniques, and the use cases and value of CB Insights as a deal flow and analysis tool for growth equity firms and venture capitalists.
CB Insights provides information on private companies to help investors make informed decisions on investments, M&A, and corporate strategy.
CB Insights serves as both a deal sourcing tool and an analysis tool, assisting venture firms in evaluating companies quickly and aiding in identifying market trends and competition.
Deep dives
Overview of CB Insights and its Role in the Startup Ecosystem
CB Insights is a data platform that provides information on private companies and helps investors source and evaluate deals. It collects data on private companies through machine learning and direct submissions, offering an intelligent layer on top of the data for analysis and insights. While startups are not a primary customer base, CB Insights serves institutional customers, including VCs and corporations, helping them make informed decisions on investments, M&A, corporate strategy, and more. The platform offers modular pricing based on the level of data and analytics required.
How CB Insights Gathers Data and its Growth
CB Insights primarily collects data through its own crawlers, which monitor millions of sources daily, extracting structured data from unstructured documents. The platform also relies on direct submissions from investors and companies. Over time, CB Insights has grown to become a trusted source for data and insights, expanding its customer base from investment community to corporations. The platform's ability to provide forward-looking intelligence and market insights has contributed to its popularity among corporate strategy teams and business units.
Use Cases and Value of CB Insights
CB Insights serves as both a deal sourcing tool and an analysis tool, depending on the customer and their specific needs. It helps investors source and evaluate deals by providing data on companies, growth scores, and market insights. For venture firms, CB Insights supports evaluating thousands of companies quickly, narrowing down to the ones with the highest potential. Additionally, CB Insights offers market insights, allowing VCs and corporations to identify trends, assess competition, and make informed decisions about market sectors and industries.
Anand Sanwal of CB Insights joins Nick to cover The Bloomberg for Startups, Part 1. We will address questions including: Can you walk us through your background and how you became involved in venture and the startup ecosystem? What were the key issues you experienced in analyzing data about private companies...