A lot of people see us as building a ābetter PitchBook.ā While thatās a decent business ($552M annual revenue in 2023 with 13.0% YoY growth), itās not an exciting vision for me, and I donāt think itās be best way to frame what weāre aiming to build at Aviato. I believe that by becoming the ultimate data aggregator and insights layer for private markets, weāll unlock entirely new revenue streams that are hard to imagine today (Bloomberg, for example, expanded into media only five years after its founding) & weāve also been building our extensive secondary employee database for a reason (maybe even facilitating transactions š).
Simply put, we have a data moat because we collect our data in-house, unlike other platforms that depend on third-party data, limited by update frequency and data science capabilities. With complete control of our data, we can expand into adjacent verticals and create faster, more effective products, leveraging superior analyticsāsimilar to the Palantir model.
To clarify, weāre not just building tools for venture firms. Iām aware that venture is a small, capped market, and we started there because of its advanced tools (inspired by SignalFireās data systems). Ultimately, though, our data foundation enables us to develop models across various markets, all built on the same core infrastructure.