Data (lots and lots of data….)
I recently attend an event here in Toronto called Founders and Funders - it was fantastic.
One great conversation was about the collection and ownership of data. In the past, many companies have collected massive amounts of information and were successful by making that data useful to other people. Once access to the data becomes ‘valuable’, the company gets acquired and access to that data disappears. Then, a user of the ‘now non-existent data’ spends thousands of man hours re-collecting all of this data.
HomeZilla is collecting lots of data and now we will also be thinking about how to protect access to this data, while at the same time increasing the company’s value. We think it is an interesting challenge but one that is worth pursuing…
Until next time….
