Dropthought is a next generation data analytics company that brings insights from unstructured data

www.dropthought.com

Description

• Dropthought specializes in analyzing open comments using its proprietary text analytics engine.
• The company uses the latest natural language processing and machine learning techniques to discover relevant insights from unstructured data
• Specialized in interpreting voice of the customer and voice of the employee
• Can plug into existing social media outlets

Rationale

• Best in class service provider of unstructured data
• One of the best startup team we have seen with Stanford core and global experts in marketing and data science
• Large enterprise clients (Adobe, Cisco, Juniper) and retail opportunity with huge target addressable market

Team

• EIP Advisory Board Position
• Prof Baba Shiv - Prof. of Marketing at GSB, Stanford
• Robert Siegel – GP of Xseed Ventures + Stanford professor
• Karan Chaudhry – CEO with past work at Pepsi and Sequoia
• Mike Cassidy – CEO & co-founder of Stylus Innovation

• Excellent progress with Cisco as part of its “land and expand” strategy that will be implemented with other key clients – Adobe, Juniper etc.
  
• Company will be pivoting, focusing on sales and marketing
  
• Reducing burn – product is excellent, traction boost needed
  
• Looking at bringing on a new CEO with a specific mandate to improve sales and marketing organization
  
• Significant exposure from Stanford StartX program – frequently featured panelists at startup industry events