About Lumeric - think Numeric with an "L"
Numeric + Luminary = your data compared! Numbers are objective (vs subjective) and math allows you to compare different items on a common basis. That’s why we started Lumeric – to provide founders with real data to help them inform their decisions with their data.
Founders have limited access to market intelligence data. First-time founders have even less data because they lack the relationships to ask their peers. By contrast, VCs have a history of both their portfolio’s, deals they’ve passed on as well as syndicate partners deal flow.
This asymmetry of information tilts the scale in the direction of the VC. Lumeric’s goal is to level the playing field and provide founders with the education to inform their decisions. It all starts with their data.
Our first product is a data report that compares your company to 100 of your peer companies based on your model. This is not a comparison against 100 competitors but type, stage, and capital.
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Lumeric is a data company that provides benchmark data and insights to startups, investors and communities.
Startups and Founders
You need data to inform your decisions. By comparing like companies, we are able to help create insights. With those insights, we can recommend suggested actions. Ultimately, we want to create measurable impact helping you manage your business based on best practices and data.
For Investors, we provide due diligence reports based on peer reported data so you can compare investments and make better investment decisions
Startup communities are looking for benchmark data for their cities and regions. Lumeric provides economic development professionals with third party data to better assess their market.
I’m Dave Parker (LI), a six-time startup founder, soon to be author or “6 Month Startup” and startup community builder based in Seattle, WA. I'm a Seattle guy.
I had the great honor of running global programs for UP Global (Startup Weekend + Startup America). In 2014 those programs spanned over 1200 events in 120 countries with 74,000 attendees. Startup Weekend was by far the largest program, during his tenure, he helped develop and launch Startup Next and Startup Week globally as well as growing Startup Digest.
I started my Venture Capital experience with Mitsui & Company in Cupertino as part of their corporate venture team. In that three years, we were part of the group that investing in two dozen early-stage tech companies as well as some later stage private equity-style investments. The experience gave me a glimpse into what Mark Suster calls "both sides of the table", a founder looking at investments and an investor looking at deals.
I've been fortunate to participate in eight transactions – a solid number for an operator, a years work for a banker – having sold three I founded (and closing two, one is still operating) as well as additional buy-side and sell-side deals as a Board Member and consultant.
This project started with an innocent founder question five years ago. "Can I have your financial model?" Their company was a marketplace (B2C), mine was a subscriptions model (B2B). They had very different key metrics. In fact they were very different. Which lead to the questions, "how many templates would you need to make in order to cover 80% of the models?" After pulling data from Crunchbase of Seed Funded companies and reviewing 2,600 funded companies, the answer was the 16 revenue models you see here.