EnterpriseAI: How Hambrecht Uses Machine Learning to Up its Venture Hit Rate 3X
Venture capital is a “hit business.” The relatively few hits pay for the high percentage of flops. Venture capitalists are risk takers who embrace the high-risk/high-reward equation. It's the allure of a mega-hit that animates the industry, that keeps investors dreaming, prospecting and writing checks.
But is frequent venture failure inescapable? Could a more probabilistic approach based on big data, machine learning and advanced computing help investors do better?