John Price: With that, we combine lending process, which is the other part of home shopping. Our technology is being embraced very rapidly by the lenders. You look at the mortgage business. They are stuck at the bottom of the real estate funnel. They have to compete on interest rates. What we’ve done is we’ve gone to all the lending institutions that do mortgage origination.
We said, “We will power an entire white label real estate experience for you ran by our Big Data integrated to your lending practices in a way that will provide a far superior home shopping experience to your banking customers.” They’re literally having to compete for their own customers. What we’re saying is they can be at the top of the funnel. You get all the analytics about >>>
A VC-funded entrepreneur makes more money than a bootstrapped one. Right or wrong?
Read this comic strip to check whether your answer is right or wrong.
A Gartner report published last year estimates the backup and recovery software market as the largest segment of the overall storage software market. The backup and recovery software market was estimated to be a $5.7 billion industry in 2015, recording a growth of 5.5% over the year. Palo Alto-based Rubrik is a Billion Dollar Unicorn club member in the industry.
Justworks is a fast-growth VC-funded startup in New York in the Human Capital Management space, catering to small businesses.
Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were you born, raised, and in what kind of background?
Isaac Oates: I grew up in New Jersey. I was actually born in California and moved around a lot with my mom. I grew up with a single mom. We moved around the country as she went to different jobs, but I spent most of my childhood in central New Jersey >>>
John Price: The other thing we do with the image is, we can determine what’s the make and model of that car just from the image. From there, we can generate all of our analytics about that car. Now you can just take a picture of a car and we can generate a CarStory report for that automobile. >>>
This report from Datamation profiles the top 25 Big Data companies. The list includes not just the giants but also lesser known Big Data startups like Striim, Alteryx, Pentaho, and Mu Sigma. For this week’s posts, click on the paragraph links. >>>
Sramana Mitra: I have a couple of questions. Tell me how you go to market. You mentioned, in passing, that your customers have dealer networks. Explain to me what is the usage model of your product and who’s buying, who’s using, and how.
John Price: Given that it’s a stack, we have users at every layer of our stack. I have customers that just take my aggregated, clean, normalized data and use it. Capital One uses it for their lending process.
Sramana Mitra: For the loan approval process. >>>
Sramana Mitra: Was the value proposition that you were going to contribute a portion of this to the cause of saving elephants?
Nathan Coleman: Exactly. That was the mission from day one. We sell these pants but we also contribute a portion of every sale to different elephant organizations. That’s how we ended up getting connected with AWS. They were our charity partner in the beginning.
Sramana Mitra: After the Kickstarter campaign where you raised $8,000, what was the next