In the course of one year, the rideshare industry transformed from an expensive black car offering for tech savvy folks to an inexpensive network of cars that changed the way people move around. As is often the case, government sat by and watched the change, only to be roused to action when the incumbent industry and some consumer protection watchdogs pushed for stronger regulation.
When we launched Ekistic earlier this year, we knew we would have to offer something different if we hoped to earn the trust of investors and raise a fund. We don’t come from the venture space or have years of returns to point to, so why would someone invest in us over a more established group of investors? That’s why we developed a new model to leverage our unique talents, experiences and relationships in urban settings. In addition to investing financial capital in our portfolio companies, we take an active role where our unique skill sets add value. Our investors get more than just a stake in our companies — they also know that we are applying our own time and energy to make those ventures more successful.
This week, Ekistic co-founder and Managing Partner Brett Goldstein gave a talk at the O’Reilly Strata + Hadoop World Conference on the need for greater transparency in data science. Nearly every company we work with will draw on vast amounts of data and use advanced analytics to make sense of it, so this topic is incredibly important to much of what we do at Ekistic.