News

VCs to data startups: Your fancy tool is not a product, it’s just nerdy

May 21, 2014 /

MATR Sponsor (view all)

"For small to medium to national organizations, for events and fundraisers of any size, in any format – live, virtual or hybrid – the platform is built for scale."

Data nerds might be incredibly good at creating fancy data models and tools, but if they want to take those skills and create a company, they need to make sure they build an actual product that actual people want to use, says Scott Rainey, a partner at Redpoint Ventures.

"This isn’t about building a science project, it’s about building something that solves a business problem," Rainey said during a panel discussion at our DataBeat conference yesterday.

Kia Kokalitcheva

Full Story: http://venturebeat.com/2014/05/20/vcs-to-data-startups-your-fancy-tool-is-not-a-product-its-just-nerdy/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+Venturebeat+%28VentureBeat%29