Connetic Ventures uses AI-based tool named Wendal
With a hefty dataset of 20,000 founders and their start-up outcomes, this makes is the largest repository of founder behavioral data in the world.
Eight years ago, Connetic Ventures embarked on an ambitious journey with a clear vision: to democratize access to early stage capital through artificial intelligence.
To do so, the Covington, KY-based firm is using Wendal, an AI innovation that uses deep industrial psychology to evaluate potential investments. With a hefty dataset of 20,000 founders and their start-up outcomes, this makes is the largest repository of founder behavioral data in the world.
With all this proprietary data, Wendal eschews traditional metrics like financial projections and market size, focusing instead on the psychological makeup of the founders themselves. This approach is described as groundbreaking. Traditionally, venture capital has relied heavily on the network, intuition, and experience of investors to gauge which startups to back. Wendal shifts this paradigm by adding a robust, empirical layer to decision-making to increase the likelihood of choosing winners. This approach not only levels the playing field for all founders but also ensures that investments are made based on potential rather than presentation.
Connetic’s process is described here. You can also learn more about the firm and its approach in this article from LINK NKY.
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