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At its core, Data Elite is a new structure that provide startups with funding, three months of physical workspace, and hands-on counsel from many of data science minds from Facebook, Netflix, Zynga and others.
stanley universitario Data Elite was founded by Tasso Argyros, founder of Aster Data, which sold to Teradata for $300 million in 2011, as well as Stamos Venios, who has held M&A and investment positions with companies in Europe and Israel.Data Elite is part investment vehicle that provides funding in turn for equity, and part advising. As Venios explains, he and Argyros felt that there was a gap in the incubator ecosystem that addressed the need for advising big data startups& 8211;those companies that are dealing with parsing through and making sense
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stanley cup ompanies need real expertise from data science experts, and there are no real incubators who cater to these needs.Data Elite will offer startups $50,000 for around 6 percent of the company, and a mi