An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
July 19, 2018 04:48 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/aR8eVa9CJqg/gv-formerly-known-as-google-ventures-for-years-has-used-an-algorithm-that-effectively-perm
GV, Formerly Known as Google Ventures, For Years Has Used an Algorithm That Effectively Permits or Prohibits Both New and Follow-on Investments
Dan Primack, reporting for Axios: When most venture capitalists want approval to make a new investment, they go to their partners. When venture capitalists at GV do it, they go to something called "The Machine." Axios has learned that the firm, formerly known as Google Ventures, for years has used an algorithm that effectively permits or prohibits both new and follow-on investments. Staffers plug in all sorts of deal details into "The Machine" -- which is programmed with all sorts of market data, and returns traffic signal-like outputs. Green means go. Red means stop. Yellow means proceed with caution, but sources say it's usually the practical equivalent of red. It was initially designed and used as a due diligence assistant that could be overruled but, according to three sources, it has evolved into a de facto investment committee.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/aR8eVa9CJqg/gv-formerly-known-as-google-ventures-for-years-has-used-an-algorithm-that-effectively-perm
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot