Q&A: Former Renaissance quant David Magerman on how VCs can use data
PITCHBOOK: After two decades inside Renaissance Technologies, the legendary quantitative hedge fund founded by James Simons, David Magerman was ready for something different.
His chance came after a public falling out with Robert Mercer, co-CEO of Renaissance at that time, which left Magerman without a job. Fast forward five years, and Magerman co-leads Differential Ventures, a VC firm that invests in enterprise data startups and is raising its second fund with a $60 million target.
In the course of that journey, Magerman has developed a theory on when quantitative methods can work in VC and—as is often the case—when they can’t.
PitchBook recently spoke with Magerman to hear how investors should be thinking about the limits and opportunities of using data-driven strategies in VC.
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