Introducing new ways to access CrunchBase Data

You asked, we listened. Today, we’re excited to introduce new and easy solutions to access CrunchBase data for your business. In the past year, 8,000+ users have signed-up to explore the data through the Daily Excel Export or REST API.

Integrate CrunchBase into your workflow, perform analysis, and build applications with the raw data. Thousands of companies are already using CrunchBase data to help grow their businesses — We can’t wait for you to get started!

Uncover New Opportunities — Leverage CrunchBase data from Microsoft Excel to track the latest fundings, tap into buy signals, and discover which companies are disrupting their industry.

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Discover Industry Trends — Explore raw CrunchBase data to analyze industry segments and forecast changes that affect your business. Track companies, fundings, leading investors, and exits using the Microsoft Excel export and REST API.

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Build and Distribute Powerful ApplicationsCreate more value for customers by integrating CrunchBase into your web and mobile applications using the REST API.

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Access CrunchBase data for your business!
Click here, to learn more about our data offerings and pricing. 

Kauffman Foundation & CrunchBase Team Up at AEA 2016

Last week at the American Economic Association (AEA) annual meeting in San Francisco, we co-hosted a session with our partners at the Kauffman Foundation. Attendees included academics, research, and business professionals from various institutions.

We shared a presentation focusing on CrunchBase data sources, and several examples of our research initiatives. CrunchBase data is unique, due to our engaged community of users who update company and team profiles. We validate funding data with the venture community through the CrunchBase Venture program. To profile companies who are actively fundraising, we partner with AngelList, EquityNet, AgFunder and others. By actively tracking RSS and Twitter, our team keeps on top of all recent fundings profile in the CrunchBase Daily. All of these programs, over time, build out the connections within the global entrepreneurial community.

Gené Teare, Head of Content at CrunchBase

A component of the session were lightning presentations from academics leveraging CrunchBase data.

Sandy Yu, a postdoctoral fellow at UC Berkeley, studied the efficacy of accelerator programs. One of her key findings is that accelerators help resolve uncertainty around the quality of an idea through frequent mentor feedback. In other words, founders learn quickly if an idea is viable, and if not, they fail faster, rather than investing more time and money.

Sandy Yu, Postdoctoral Fellow at UC Berkeley

Andy Wu, a PHD candidate from the University of Pennsylvania, researched group decision making within venture firms. He contrasted this with individual investment decisions by influential VCs. His findings determined that making decisions as a group did not improve outcomes.

J-F Gauthier, CFO at Compass, the creators of the Global Startup Ecosystem Ranking, discussed tracking the growth of core ecosystems around the globe through survey analysis, interviews, and augmenting the survey data with the CrunchBase dataset. The ecosystems with the most growth in VC were Berlin (12x), Bangalore (4x), Boston (3.7x), Amsterdam (2x), and Seattle (2x) according to the report.

J-F Gauthier, CFO at Compass

Within the last year, over 1,000 Academics and postgraduate students have accessed the CrunchBase API for research initiatives.

If you’re an undergraduate student or bootcamp, you can request the 2013 Data Snapshot. Postgraduate students and academics can request access to the CrunchBase API. Please visit data.crunchbase.com for more information.

Let’s Face It, 2015 Was A Pretty Lousy Year For Unicorns

Let’s Face It, 2015 Was A Pretty Lousy Year For Unicorns

This feature was originally published by TechCrunch.

It’s been a pretty awful year to be a unicorn in 2015.

Box and Square went public this year at significantly less than their last private valuation, Box at a 30 percent discount and Square at a 40 percent discount.

Meanwhile, Gilt Groupe, a New York-based online shopping destination for designer clothing, is in talks to be bought for $250 million. That’s less than the $268 million it has raised from investors and an even further cry from the $1.1 billion valuation it was assigned in August 2014.

Altogether, just five companies with billion-dollar-plus valuations have gone public this year. They include Box (in January), Shopify (May), Pure Storage (October), Square (November), and Atlassian (December) as seen here on the CrunchBase Unicorn Leaderboard.

That’s a small number, compared with the 156 companies globally that are privately valued at above $1 billion, according to CrunchBase. In comparison, CrunchBase tracked 88 private unicorns this time a year ago.

There wasn’t much in the way of major M&A activity either. Just four unicorns were acquired during 2015, and two were acquired at significantly less than their last private valuation: Fab, which sold for the fire-sale price of at $12 million, and Good Technology,  which sold for 65 percent less than its last private valuation of $425 million.

Two that did better were Zulily, which had gone public in 2013 with a valuation of around $2.6 billion and was acquired this year by QVC for roughly the same amount, and Lynda, which sold to LinkedIn  for $1.5 billion — or  26 percent more its venture investors had valued it.

Part of the problem is that some of these companies genuinely aren’t ready. Then there’s also the much discussed argument that Silicon Valley companies are reacting to a deep-seated antipathy for going public following the dot-com burst of 2000, followed by the financial crisis of 2008.

Whether true or not, the rationale for some companies today is that it’s better to raise more money in the private market rather than in the public markets — and in some cases, much more.

Uber has raised $6.3 billion and Airbnb $3.5 billion in the last two years. In fact, the average private raise for a unicorn is more than $500 million, and the median is $275 million. The five unicorn companies that went public this year collectively raised just over $1.4 billion.

Large sums of money doesn’t necessarily mean froth; it can mean large opportunities.

Still, large sums of money doesn’t necessarily mean froth; it can mean large opportunities.

When VCs invest $800 million in Magic Leap, it’s because they believe it could be worth $8 billion at some point. When investors poured $3.3 billion into Uber, as they did over the course this year, at a $50 billion valuation, they were undoubtedly thinking that Uber will become a $150 billion-plus exit opportunity.

For investors, finding and funding those high-growth companies is critical to their success, and they’re everywhere, increasingly. North America is home to the most unicorns, including one company, Kik, in Canada. Meanwhile, 28 unicorns are based in China; 15 in Europe; 6 in India; and South East Asia, Korea and Israel each feature 2 unicorns of their own.

Collectively, the 156 private companies with unicorn club status represent $528 billion in total private valuation and have raised north of $81 billion in aggregate, according to the CrunchBase Leaderboard.

More look to be joining the club soon, too. On the emerging list, CrunchBase is tracking a further 39 companies that are valued between $500 million and $1 billion.

Bill Gurley, a general partner at Benchmark, stressed earlier this year that the late-stage financing of companies is a very different financing event from a public offering, where the scrutiny and focus on profitability of a company can be intense.

As he wrote in his blog, Above the Crowd, “As these late-stage private companies digest these large fund raises, they are pushing profitability further and further into the future, as well as the proof that their business model actually works.”

Gurley argued that: “Lost in this conversation are the dramatic differences between a high priced private round and an IPO.”

Yet therein lies the opportunity that investors are chasing. The notion of a bubble or bust is simply too generic. Some companies will flame out. Some companies will be billion dollar exits. And some will be a successes on a scale that we’re only now beginning to understand is possible.

CrunchBase Launches News, Timeline, & Alerts!

We shared some exciting news with you last week about the future of CrunchBase. Today, we are proud to announce another milestone — the launch of a brand new CrunchBase, customized for you!

We listened to your feedback and have built a great new feature set to enhance your experience on CrunchBase. What’s new?

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Our growing community of contributors have helped us make CrunchBase what it is today — the leading platform to discover innovative companies and people behind them.
We value your input, and would love to hear what other features you’d like to see. Send us an email at feedback@crunchbase.com and tell us what you think.

Experience the New CrunchBase!

CrunchBase Spins Out of Aol — Emergence Capital Leads Series A Investment

We have some exciting news to share. Today, CrunchBase is entering its next phase of growth and spinning out of AOL to become a standalone company.  As you may have seen in the press, CrunchBase will now become a venture-backed company, like the many companies it profiles on its site.  Emergence Capital, one of the top cloud venture capital firms, is leading an investment round in CrunchBase to help fund its expansion.

We started in 2007 as a homegrown project with humble beginnings in indexing startups featured in TechCrunch articles. With the help of TechCrunch and AOL, we amassed an audience that took a life of its own. Eight years later, we find ourselves today at the center of the startup and entrepreneurial ecosystem, serving the twenty million people a year that depend on us.

CrunchBase is what it is today because of its community. As Yelp has done for helping you choose where to eat, and Wikipedia has done for helping you research anything, we have come together as a community of contributors to change the way information about companies is gathered, shared, and understood. None of this would have been possible without people like you who are giving back to this community every day.

This type of community is extremely hard to build, and we know this is something special. That’s why we’re committed to preserving the openness and accessibility of the CrunchBase that you know and love.

Looking ahead, we can’t wait to share with you the exciting things we’re building, and we would love to get your input about what you would like to see.

Personally, I am so proud and privileged to join this effort. In my eleven years of building product at Salesforce, I witnessed the rise of a company that fundamentally changed the way people thought about accessing software.  Today, I’m excited to join an organization that is reinventing the way people find and leverage company data, and I’m thrilled to be working with Matt Kaufman and the outstanding team at CrunchBase.

In closing, thank you for being part of our community and helping to build CrunchBase to where it is today. I’m incredibly excited that you’re with us on this next step in our journey.

— Jager McConnell, CEO, CrunchBase

Infographic: Female Founders On An Upward Trend

Earlier this year, CrunchBase began a comprehensive study of Female Startup Founders by expanding our dataset to include gender for the periods of 2009-2014. To date, we have published two reports — the first found that the percentage of female founders among funded startups nearly doubled in 2014, while the second feature focused on educational backgrounds.

Given the broad interest from the community, we’ve created an easy to share infographic that clearly and effectively presents the data through visualization.

At CrunchBase, we recognize the importance of diversity and bringing transparency to the startup ecosystem. If you’d like to contribute to our upcoming study, Female Partners in Venture, please reach out to @geneteare. Stay tuned!

CrunchBase Study 2015

 

Thank You CrunchBase Community

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Last week we reached a Twitter milestone — 100,000 followers!

We want to take this opportunity to thank our growing community whose ongoing contributions and feedback have made CrunchBase the leading source of information about startups. Today the CrunchBase Daily has 275,000 subscribers and more than 2 million people visit the CrunchBase website each month.

With your help we’ve been able to update and expand the CrunchBase Dataset faster than ever.  Tens of thousands of profiles are updated each week.  Our mission is to accelerate innovation by bringing together data on companies and the people behind them. We couldn’t do it without your support, so thank you!

-The CrunchBase Team

Startup Calendar for August 25th

                    
Featured events this week:

Other events:

Read the weekly newsletter for more.

As well as ten accelerator programs:

Read the weekly newsletter for more.

To take part in this program as an organization that hosts startup events, visit the Startup Calendar page for guidelines and send us an email at events@crunchbase.com. We look forward to hearing from you!

Methodology for Assigning Gender to Profiles

To cast a better light on diversity in the startup community, CrunchBase published two reports on gender this summer.  The first focused on growth of female founded startups since 2009 followed up with our report on top universities graduating the most female founders.  Both analysis were powered by the CrunchBase Dataset.

Determining gender for hundreds of thousands of profiles was no small undertaking. Some of our users, including Nicole Yeary (@nicoleyeary), have asked what went into the analysis. Here’s an overview of our methodology:

Step 1: Auto-assign gender based on first name.  We started by automatically assigning gender using a database of 92,000 first names that are predominantly associated with a specific gender.  This database allowed us to set gender for about 94% of the people profiles on CrunchBase.

Step 2: Hand review gender for subset of our dataset.  Because our published research focused on investors and founders of funded startups, we chose to further review those profiles manually.  Our team looked at profiles images and gender descriptive pronouns (e.g. him, her, she, he, Mr, Mrs, and Miss) appearing in bio’s for about 54,000 profiles.  When we identified mis-assignments, we adjusted our name database accordingly.

Step 3: Review inconsistencies between gender descriptive profiles and the gender assigned to profiles.  Next we searched for profiles where the assigned gender conflicted with gender specific pronouns appearing in the CrunchBase profile.  We manually reviewed these profiles and again updated the name database accordingly.

Was the analysis error free?  No.  When executing data projects at this scale errors are bound to occur in both the automated and human driven processes.  In this case, we now observe an error rate of 0.6% (+/- 0.3%) in assigning gender.

The CrunchBase Dataset is constantly expanding through contributions from our community of users, investment firms, and network of global partners. As for gender data, since publishing our first report in May 2015, CrunchBase users have been filling in the gaps and, in a handful of situations, pointing out errors that we’ve been quick to fix.   Anyone can edit profiles on CrunchBase. If you see information that is inaccurate, please correct the error or send us an email.

Startup Calendar for August 18

                    
Featured events this week:

Other events:

Read the weekly newsletter for more.

As well as ten accelerator programs:

Read the weekly newsletter for more.

To take part in this program as an organization that hosts startup events, visit the Startup Calendar page for guidelines and send us an email at events@crunchbase.com. We look forward to hearing from you!