Machine learning algorithms are changing the face of venture capital . Crowdfunding platform CircleUp has been using its “ Classifier ” software to prescreen companies for two years , measuring 92,000 data points for each company to determine whether they warrant further investment by investors . Using data accumulated by more than 10,000 evaluations over a four year period has significantly speeded up the screening process . Today, he’s the co-founder and chief executive of CircleUp, an online crowdfunding platform specializing in consumer-goods companies—think food, cosmetics and chain restaurants. FundersClub , an early pioneer in the digital investment platform , uses its algorithms to judge which investors on the platform as best at picking companies in which to invest .
Machine learning algorithms are changing the face of venture capital . Crowdfunding platform CircleUp has been using its “ Classifier ” software to prescreen companies for two years , measuring 92,000 data points for each company to determine whether they warrant further investment by investors . Using data accumulated by more than 10,000 evaluations over a four year period has significantly speeded up the screening process . FundersClub , an early pioneer in the digital investment platform , uses its algorithms to judge which investors on the platform as best at picking companies in which to invest .