I'd say to you all: get used to bombshells dropping! At some point the investor pyramid scheme will go crashing down. It might be now.
All those companies were on borrowed time. Until investors realised that "data" isn't valuable on its own - it's what you make of it. There needs to be a product that generates revenue. Spoiler alert, it is hard to come up with a business plan that takes plain usage data and makes the technical challenges worthwhile to squeeze money from it.
I can feel it myself as data scientist. The honeymoon's over, investors want to see ROI.
I mean this cycle will probably recover in a few years when the markets recover but still - some lessons stick
I'd say to you all: get used to bombshells dropping! At some point the investor pyramid scheme will go crashing down. It might be now. All those companies were on borrowed time. Until investors realised that "data" isn't valuable on its own - it's what you make of it. There needs to be a product that generates revenue. Spoiler alert, it is hard to come up with a business plan that takes plain usage data and makes the technical challenges worthwhile to squeeze money from it. I can feel it myself as data scientist. The honeymoon's over, investors want to see ROI.
I mean this cycle will probably recover in a few years when the markets recover but still - some lessons stick