My First Million Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
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Jan 31, 2023 In this engaging discussion, Anand Sanwal, CEO and co-founder of CB Insights, dives into the transformative power of data-driven businesses. He highlights innovative 'sawdust data' revenue models and explores emerging niches ripe for growth. There's a fascinating conversation on launching daily executive briefings for professionals, leveraging AI for efficiency. Anand also tackles the complex issues surrounding corporate fraud, particularly regarding the Adani Group, emphasizing ethical practices in business. His insights reveal how data can illuminate both opportunities and risks.
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Sawdust Data
- Anand Sanwal explains "sawdust data" as the valuable residue produced by other products.
- Examples include OpenTable's reservation data for real estate firms and dog Fitbit data for pet insurers.
Data Business Framework
- Anand Sanwal's framework for data businesses involves variable SKUs, high opacity, and high consideration.
- This combination creates defensible businesses due to the difficulty of comparing offerings.
Representation Media
- Anand Sanwal suggests expanding the "Rebel Girls" book concept to represent other communities.
- This "representation media" caters to growing niche markets.
