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Think Like an Owner
Brian Yormak - Venture Investing in Data - Ep.186
Aug 29, 2023
Brian Yormak, co-founder of Story Ventures, discusses the classification of data companies, attractive API business models, and the importance of proprietary data in investment decisions. They also explore data legislation, finding the right founders to back, and the value of people data in data-driven businesses.
51:22
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Quick takeaways
- Data companies can be categorized into three components: data creation, organization and orchestration of data, and algorithmic-based applications.
- Data should be refined and understood for its utility and relevance to avoid misperceptions of its value.
Deep dives
The Power and Potential of Data Companies
Brian Yormag, co-founder of Story Ventures, discusses the growing importance of data companies. He explains that data is like codified logic and how it can be leveraged to derive insights. Yormag highlights the three components of data companies: data creation, organization and orchestration of data, and algorithmic-based applications on top of the data. He also emphasizes the role of proprietary data and the competitive advantage it provides. Additionally, Yormag explores the different categories of data companies, such as hardware-based solutions, API companies, and AI applications. He notes that fewer integration partners on the supply side can increase the power and value of an API company.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode