How to pitch alt data
We made it to Friday! Congrats on another job well done, everyone.
WeWork sent out some financial highlights to employees from the second quarter. Since it's not a public company (here's how that went), WeWork can pick and choose what it decides to disclose.
Naturally, Meghan Morris, our resident WeWork whiz, has all the details. You can find her full breakdown of some of the latest figures here.
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How to pitch your alt-data feed
Bradley Saacks and I have spent a good chunk of time over the past 12 months covering alternative data. A lot has changed regarding the unique, unstructured data sets, which could be anything from credit-card data to satellite images.
However, one constant we've heard from sources is the never-ending barrage of pitches they get from alt-data providers.
In an effort to understand what exactly Wall Street is looking for when it comes to alt data, we surveyed some of the biggest financial firms. Here's a breakdown from seven alt data leaders at hedge funds (Point72, Bridgewater), banks (Barclays), and trading firms (Jump Trading), on what they are looking for and how they like to be pitched.
A former PwC partner just sued the firm for $15 million in compensation, offering a rare look at pay and wrangling over clients at a Big 4 firm
Lawsuits filed against financial firms are often a treasure trove of information. That's certainly the case with a suit filed against consulting firm PwC, which details the type of goals set for partners. Jack Newsham has the deets.
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Healthcare has been a pretty big focus this year for obvious reasons. Andrew Dunn and Lydia Ramsey Pflanzer highlighted 21 biotech startups that VC investors thinks are on track to make it big.
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