qodeo set to launch its cloud based service
One of the foremost independent providers of financial data, network connections and market insight, qodeo, has set aside time to launch its cloud based beta service. The goal of the new service is to provide greater business productivity across the global venture industry.
The service qodeo provides include an integrated productivity toolkit that provides savings for users in terms of significant time and transaction costs, providing assistance in effectively sourcing funds and deals as well as provide access to relevant global connections together with global community news and insight.
The company's unique data gathering methodology working alongside eighteen leading global business schools such as Cambridge, Insead and UCLA through captured interviews with venture capital or private equity firms is the core of qodeo's data. This is participatory 'user driven' data on all user groups providing a more accurate, real time interactive experience to support investment decision making for better performance at a speedier time to market. As of today, there have been 500 leading VC/PEs have been interviewed globally, which represent about 20% of the industry.
According to qodeo CEO Simon Glass, "The global venture community wastes considerable time and money in identifying best-fit partners to drive optimal performance. We believe that qodeo has built the only platform that uses participatory 'user-driven' data, to drive value for several groups across the value chain, including entrepreneurs, venture capitalists, private equity firms, limited partners and corporate advisors."
The service is supported by evidence gathered with top Business School Insead showing that the venture community currently spends wasted time and money in the search for a suitable venture partner. A later study by a Cambridge University Judge Business School team had found that there are eleven million entrepreneurs seeking venture type funding alongside 2,500 VC/PE firms. 2,500 sovereign funds and pension funds and 44,000 corporate advisor firms. All these lack a unified venture community platform to work together for mutual benefit.