Startup Funding Espresso Why Monetize Data
Why Monetize Data Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Data brings another dimension to the startup in product, market size, and revenue. Here are some reasons why you should monetize your startup\u2019s data: Give your company an additional competitive advantage over the competition. Data sets you apart from the others.\xa0 Generate new sources of revenue. Data is another product you can package and sell. Improve your operations. Data can help you increase your efficiency and make your business run more effectively. Create stronger ties to partners. Providing data to partners can increase your strategic relationships. In raising funding data gives your startup an additional advantage over other startups. It increases your total available market size as it gives you more potential customers. Investors find data highly attractive for the margins it brings. Consider these points in pursuing data monetization for your startup. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _________________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .