How Kaggle plans on making money

Bambi Francisco Roizen · January 24, 2012 · Short URL: https://vator.tv/n/2200

Interview with founders Anthony Goldbloom and Jeremy Howard

Here's the second part of my interview with the founders of Kaggle, a recently-launched start-up with $11 million in Series A funding from Index Ventures, Khosla Ventures, as well as Stanford University's endownment, PayPal co-founder Max Levchin, Google's chief economist Hal Varian and now Google Adsense co-founder Gil Elbaz. Kaggle is solving real-world problems through competitions among the world's biggest brains.

Kaggle brings together super smart data scientists, or just plain hyper-intelligent folks who love data and number crunching, with data sets and prizes to figure out complex problems.

In this interview, Anthony Goldbloom, founder and CEO, and Jeremy Howard, the first hire, chief scientist and president, talk about how Kaggle plans on making money and how it managed to attract some very smart people vying for tens of thousands and sometimes millions in prize money. Apparently, it's easy to attract brain power, said Goldbloom. The hardest part was getting data sets.

Bambi Francisco Roizen

Founder and CEO of Vator, a media and research firm for entrepreneurs and investors; Managing Director of Vator Health Fund; Co-Founder of Invent Health; Author and award-winning journalist.

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Kaggle

Startup/Business

Joined Vator on November 14, 2011

Kaggle is a platform for data prediction competitions that allows organizations to post their data and have it scrutinized by the world's best data scientists. In exchange for a prize, winning competitors provide the algorithms that beat all other methods of solving a data crunching problem. Most data problems can be framed as a competition.

Anthony Goldbloom

Joined Vator on November 14, 2011

Anthony Goldbloom is the founder and CEO of Kaggle. Before founding Kaggle, Anthony worked in the macroeconomic modelling areas of the Reserve Bank of Australia and the Australian Treasury.