Rarely late to the party, venture capital firms are using machine learning and artificial intelligence to sift through potential investments, and the results are impressive.
Roberto Bonanzinga, co-founder of InReach Ventures, told the paper that his job “used to be about getting on a plane once a week and going to a different European city to try to find people who were doing interesting things. I would look at 50 companies a day, maybe 1,500 a month, and, of those, maybe 100 would get to the next level,” he said. “We would do one deal a month.”
The full article can be read here: https://www.ft.com/content/dd7fa798-bfcd-11e7-823b-ed31693349d3