Panelists talk about rise of alternative data; Foursquare gets more sophisticated with Pilgrim

jeff glueck of foursquare

By Dennis Clemente

Guests panelists talked about alternative data with Foursquare, Captricity presenting their companies

NEW YORK–Last March 1, the Data Driven meetup hosted by Matt Turck sat down with his guests to talk about about alternative data (no relation to alternative facts).

The alternative discussion consisted of Jeff Glueck, CEO of Foursquare; David Loaiza, managing director & chief data scientist of Point72; Andrej Rusakov, founder of Data Capital Management as well Matei Zatreanu, founder of System2.

Zatreanu explained alternative data as a non-traditional form of data, later adding how it’s more intuitive. Still,  many seem to be downplaying its advantages.

What are the uses of alternative data? Before handing you a credit card, banks could determine other alternative means of data if usual information is not available. This could certainly make institutions less rigid, as it helps measure different types of businesses on a case-by-case basis.

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German startups MeteoViva, Minodes, Brandnew seek traction, funding in US

german chancellor dirk kanngiesser

By Dennis Clemente

While gaining traction is crucial in the US market, it’s also where German startups can get funding to scale their businesses globally

NEW YORK–The presenters at the German Accelerator at Rise last March 22 had one thing in mind. They know the US market is big. While gaining traction is crucial in the US market, it’s also where they know they can get funding to scale their businesses globally.

German startups MeteoViva, Minodes and Brandnew presented their startups to a panel of venture capitalists–Urs Cete, managing partner at BDMI; Ulrich Quay, head at BMW Ventures; Alicia Syrett, founder and CEO at Pantegrion Capital; and  Anton Waltz, managing director of US Digital Ventures.  

meteovivaMeteoViva helps the customers save 15 to 40 percent of energy costs in corporate buildings with its unique Saas solution. Its technology is reportedly based on a patented computer simulation model and was developed at RWTH Aachen University (Germany’s MIT).

It essentially predicts how much heating and cooling a building to maintain the desired climate at the lowest cost. It can reportedly be used in any building–factories, office buildings, shopping centers.

For retail analytics, Minodes offers insights into visitors’ in-store shopping behavior using Wi-Fi sensors it puts on stores. Data is viewable in its dashboard and in customizable email reports. Additional and more granular reports are provided depending on business requirements

As it optimizes in-store customer pathways, Minodes also offers omnichannel retargeting and beacon campaigns. For instance, it retargets offline store visitors through Facebook Google Apps. Now in 12 countries, it is in the United States to gain traction and get better valuation.

simple process Offering itself as influencer marketing in its presentation, Brandnew  connects brands with influential users on Instagram. It hopes to address the 3 key frustrations for brands and agencies–scalability, targeting and analytics–through its Saas service, either on subscription or six-month basis. Rates are about $20,000 depending on campaign.

A VC said it needs a “one money-shot sentence” for better positioning.

Dirk Kannigiesser, CEO of the German Accelerator in Silicon Valley, was in attendance to present the startups and VCs along with CleanTech, Berlin’s largest industrial park, which is optimally aligned to the requirements of productive-driven companies.