Using Analytics, Bloomberg Beta Seeks Out Startup Founders | TechCrunch
The primary drivers were past work history and educational history, coupled with work experience at a current startup, Klein said.
“We had 43 percent of the pool that we have worked at a venture-backed company immediately before founding a company,” Klein said. “I would have thought it would be higher.”
The emails Bloomberg sent out don’t include term sheets or even an offer to join the firm as an EIR; rather it’s a way for Bloomberg to be proactive about building out a network among the next generation of potential founders, Klein said.
“Our thought is let’s introduce them to other potential co-founders [and] let’s have them spend some time with us. It’s not necessarily that they’re all going to start a business tomorrow,” she said.
The idea for coming up with some sort of predictive analytical tool for potential founders dates back to Klein’s days at Softbank, where she worked from 2000 to 2010.
“I like that we’re being proactive in thinking about finding the people that might not even know yet that they have the good foundation of being an entrepreneur,” she said. “This type of thing encourages more people to be founders.”