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#128 - Michael Babineau and Kevin Hale
Manage episode 234938886 series 1442441
Michael Babineau is cofounder and CEO of Second Measure. Second Measure analyzes billions of credit card transactions to answer real-time questions on consumer behavior. They were in the Summer 2015 batch of YC and you can check them out at SecondMeasure.com.
Kevin Hale is a Partner at YC. Before working at YC he cofounded Wufoo.
You can find Michael on Twitter @mikebabineau and Kevin is @ilikevests.
The YC Podcast is hosted by Craig Cannon.
Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.
Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/
***
Topics
00:00 - Intro
00:35 - What idea did Mike apply to YC with?
01:20 - Where did the idea come from?
4:35 - From project to company
10:20 - What info did investors want to know that Second Measure could provide?
12:05 - Their first customers
14:35 - The primary use case of Second Measure for VCs
15:20 - What questions are they trying to answer?
19:35 - Data examples from their blog
21:05 - Post: Fashion retailers have nothing to fear (yet) from the rise of Stitch Fix
23:35 - Post: Holiday sales rocket Peloton memberships ahead of SoulCycle active riders
25:05 - Post: Prime members deliver for Amazon every day
27:35 - Second Measure's product development process
29:35 - Finding good data scientists who work from first principles
37:05 - Why is credit card data so messy?
42:05 - Cleaning data
44:20 - Using their product for competitive analysis
47:35 - Their sales process
49:05 - Raising money from Goldman Sachs and Citi
52:05 - Focusing on a specific problem
54:05 - Keeping the product compelling when it's table stakes
232 פרקים
Manage episode 234938886 series 1442441
Michael Babineau is cofounder and CEO of Second Measure. Second Measure analyzes billions of credit card transactions to answer real-time questions on consumer behavior. They were in the Summer 2015 batch of YC and you can check them out at SecondMeasure.com.
Kevin Hale is a Partner at YC. Before working at YC he cofounded Wufoo.
You can find Michael on Twitter @mikebabineau and Kevin is @ilikevests.
The YC Podcast is hosted by Craig Cannon.
Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year.
Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/
***
Topics
00:00 - Intro
00:35 - What idea did Mike apply to YC with?
01:20 - Where did the idea come from?
4:35 - From project to company
10:20 - What info did investors want to know that Second Measure could provide?
12:05 - Their first customers
14:35 - The primary use case of Second Measure for VCs
15:20 - What questions are they trying to answer?
19:35 - Data examples from their blog
21:05 - Post: Fashion retailers have nothing to fear (yet) from the rise of Stitch Fix
23:35 - Post: Holiday sales rocket Peloton memberships ahead of SoulCycle active riders
25:05 - Post: Prime members deliver for Amazon every day
27:35 - Second Measure's product development process
29:35 - Finding good data scientists who work from first principles
37:05 - Why is credit card data so messy?
42:05 - Cleaning data
44:20 - Using their product for competitive analysis
47:35 - Their sales process
49:05 - Raising money from Goldman Sachs and Citi
52:05 - Focusing on a specific problem
54:05 - Keeping the product compelling when it's table stakes
232 פרקים
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