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84% of VCs want to ramp up their resources and become more data-driven, yet less than 1% of firms do have dedicated engineers working on such initiatives. This is the result of two recent polls and research we have conducted as part of the upcoming Data-driven VC Landscape 2023.
What explains the gap between ambitions and reality?
Over the years, I’ve talked to hundreds of aspiring data-driven VCs and repeatedly heard the same reasons preventing them from achieving their goals:
No consensus among Partners to allocate the budget
Too busy with day-to-day to focus on new initiatives
Stuck in “buy versus build”, tried external off-the-shelf solutions and also worked with freelancers, but not happy with either outcome
Don’t know where to start, whom to hire etc.
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