Correlation Ventures said it closed an initial $165 million venture capital fund that will leverage its predictive analytics to offer entrepreneurs and lead investors co-investment decisions within two weeks. The fund was oversubscribed and ended up 10% above its target of $150 million.
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peHUB » Correlation Ventures Closes $165M Fund That Will Use Predictive Analytics
I don’t get this.
(via jryu)So these guys contacted me last year and I was completely sketched out. This is as close to “dumb money” as a VC could ever be. They’re a bunch of Wall St quants who think they’ve got a model that “proves” an investment will be successful or not. Frankly, entrepreneurs should demand more from their investors than cash. Their oversubscription, in my opinion, speaks more to the stock market’s volatility and asset managers’ desperation to find alternative asset classes with attractive returns.
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hgcp reblogged this from marksbirch and added:
Sorry Mark Birch, you just...VC. Hopefully, in coming years you’ll have
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marksbirch reblogged this from caterpillarcowboy and added:
You can have an investment thesis, but there are no amount of statistics or predictive analytics that can pick winners...
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