Archive | August, 2015

Internet Dealbook Q2 Report 2015

 

Weekly Featured Company: Narrative Science

Founded Headquarters Sector Employees Revenue Total Investment Recent Investment
2010 Chicago, Illinois Software & Services 51-200  $32.4 M  $10 M
Commentary

This robot can write

Big data meets AI, this probably best describes Narrative Science, a Chicago-based startup specialising in turning big data into an easy-to-understand narrative with help the artificial intelligence. What makes Narrative Science one-of-a-kind is its advanced natural language generation software called Quill. Quill can process mountains of big data, find hidden insights in the data, and turn this into a rich natural language narrative that is as easy to read as a newspaper article. What’s more, the written narrative is guaranteed to adhere to the truth as provided by the data. The company predicts that it could soon “eradicate the spreadsheet” and replace traditional data consultants. And at the rate the company is going, its prediction is slowly coming true. It has now more than 30 high-profile clients, including Forbes.com, Yahoo, and the Big Ten Network. It was also listed as one of CNBC’s top 50 disruptors of 2015.

 

Is it goodbye TV?

Commentary
Something ominous is happening to TV: millennials are abandoning their TV sets and are now turning to online video streaming and new media sites for their news and entertainment fix. A recent Nielsen survey shows that TV usage among millennials 18-24 years old in Q1 of 2015 has declined more than 17% compared to Q4 of 2014. Nielsen predicts that there will be a steady drop in the coming years. This is alarming. So alarming that media giant Comcast’s NBCUniversal has formed partnerships with new media companies Vox Media and BuzzFeed to collaborate on content, programming and advertising. NBCUniversal invested $200 million each into Vox Media and BuzzFeed. The investment allows NBCUniversal to tap into the digital prowess of Vox Media and BuzzFeed in attracting young, digital-native consumers, while it will also allow the two new media companies to be present in television and expand their brands.

Weekly Featured Company: Tinder

Founded Headquarters Sector Employees Revenue Total Investment Recent Investment
2012 West Hollywood, California Mobile & Apps 51
Commentary

The era of superficial love

Tinder, the hottest dating app today, is something of a phenomenon. For one, it has made looking for a date so much easier. A user can simply swipe pictures of potential matches to the right and the ones the user doesn’t like are swiped to the left. If a match is made or if two users like each other, a messaging function becomes active and gives both users a chance to send a message or continue playing. According to sources, Tinder takes credit for over a billion total matches, with more than 800 million swipes per day. In terms of market share, it has captured 28% of the $2.1 billion dating services market. So what makes Tinder such a hit compared to older dating sites like Match.com and OKCupid? The answer is Tinder mimics real life in the sense that it allows users to choose people they’re physically attracted to. It takes advantage of our natural instinct to gravitate towards people we find physically appealing. So the bottom line is, Tinder’s premise is nothing new. It simply taps an age-old truth about our human nature, albeit superficial: looks matter above all else.