In a session on ‘Navigating the Future: Tech in VC’, industry experts discussed the role of technology in venture capital and its potential impact on the industry. The panel addressed topics such as full automation in VC, the ‘build vs buy’ debate, and the importance of data in investment decisions. The experts emphasized the need for small firms to keep up with industry changes and explore available tools to inform their investment strategies.
The session on ‘Navigating the Future: Tech in VC’ attracted a large number of online participants, sparking a discussion on the role of technology in venture capital and its potential impact on the industry. The panel discussed various topics, including full automation in VC, the ‘build vs buy’ debate, and the importance of data in investment decisions. The experts emphasized the need for small firms to keep up with industry changes and explore available tools to inform their investment strategies.
During the session, a debate on full automation in VC ensued, with some panelists suggesting that while follow-up investments can be more fully automated, lead board seats still require human involvement. The panel also discussed the ‘build vs buy’ debate, with one expert predicting a ‘barbell’ shape scenario for the industry, where funds either rely on reputation or explore and invest in technology. The panelists also discussed the importance of data in investment decisions, with one expert highlighting the advantage of VC firms investing in tools for actionable insights.
Following the session, the experts shared some insights and recommendations, including the importance of staying informed about industry changes and continually evaluating available tools for purchase. They also discussed the role of bias in investment decisions and how technology can help address and mitigate it. Finally, they emphasized the need for small firms to adopt a data-driven approach and the importance of owning the data below the tools used.
The session concluded with the experts encouraging attendees to continue exploring the intersection of sourcing and investment thesis and to stay data-driven in their approach. The article concludes by inviting readers to share their thoughts and experiences from the session and recommends further reading on data-driven solutions in VC.
