VCs have traditionally relied on their personal networks. Has technology changed that?

February 13, 2019
In 2018 alone, more than $24.6 billion of venture capital was invested into artificial intelligence (AI) and machine learning (ML) globally, according to PitchBook Data.

And appetite only seems to be growing. Yet, the VC industry has historically relied on personal network and gut feeling to make investment decisions—a stark contrast to the companies they’re interested in.

Could the worldwide adoption of technology and machine learning actually change how VCs vet investments and perform due diligence on opportunities?

In PitchBook's 2018 VC Data Usage Survey, we asked venture capitalists how they leverage data and machine learning currently and how they feel about adopting it in the future. To download the survey results, fill out the form. 

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