Importance of in-depth research on important individuals

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Conducting in-depth research on important individuals before high-value meetings or transactions is crucial for success. This research can provide detailed information that may not be easily accessible through conventional channels, such as Google or LinkedIn. Companies like WealthX specialize in creating detailed profiles of individuals, providing information about personal backgrounds and other important details that could be invaluable in preparation for significant meetings or transactions.

In today’s episode, Erik Torenberg sits down with Auren Hoffman, CEO of SafeGraph, to discuss all things data business like building around products, selling horizontal data, second party data sharing, and much more.

Media Empires is part of the Turpentine podcast network. To learn more: www.turpentine.co

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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LINKS:

SafeGraph: https://www.safegraph.com/

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(00:00) Episode Preview

(01:09) What ties Auren's businesses together

(03:00) The importance of market share and declining CACs

(03:39) Challenges & types of data businesses

(05:00) Selling horizontal data

(05:40) People, places, organizations, and products

(10:12) Methods for sourcing and verifying data

(14:48) Potential of building data businesses around products

(16:21) The nuances in recommendations for people and products

(26:46) LinkedIn’s success and disappointments

(33:09) Windfall data and net worth

(34:27) Reputation and bias

(37:32) Challenges & potential for social recommendations

(42:10) Improving the user experience of LinkedIn

(47:12) Crossbeam & second party data sharing

(49:14) DSL Co-op & aggregating general ledger data

(50:41) Building a reputation database

(51:50) NDA network

(53:01) Software businesses masquerading as services businesses

(55:24) Incubators & structuring ownership

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X / Twitter:

Auren Hoffman: @auren

Erik's Twitter: @eriktorenberg

Media Empires: @mediaempirespod

Turpentine: @turpentinemedia

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