Gregory Ugwi co-founded Thinknum Alternative Data after realizing the potential of online data for investment analysis. Initially focused on product development, his time at 500 Startups taught him the critical importance of distribution strategies. Ugwi emphasizes understanding market entry, branding, and recruitment. Thinknum quickly gained traction after securing $1M in seed funding and achieving profitability in 2016. The company, which now serves clients like Goldman Sachs, continues to grow, having recently raised $11.6M in Series A funding to expand its offerings further.
"As a strat, you write code and build data models while working with salespeople and traders. You're supporting them."
"Companies are going online, e-commerce is growing, leaving a lot of data trails where you can understand whether or not a company is going to do well."
"It was sort of emphasized to us, and I take it with me still today, that you have to spend a lot of time on distribution."
"How do you enter markets? How do you build a brand? How do you recruit people? How do you get in front of people? How do you sell and scale?"
#startups #entrepreneurship #data-analytics #investment #market-strategies #data-analysis #business-strategy
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