Brightscope: Data Fuels the Innovation Economy
summary
Company builds a database of 401(k) fund lineups by extracting decades of audit reports from the Department of Labor, parsing free‑text forms (paid 5¢ a page) and hiring a team of 12 analysts to type and normalize fund names. Uses a Morningstar‑style rating model on that public data, raises $900k then another $2M, creates 30 jobs, processes 40–50 companies a week after a FOIA push that required senators to intervene, and sells analytics to employers and vendors.
AI-written summary · about
chapters (4)
- 0:00The bright scope idea
- 1:05Business model and funding
- 2:07Accessing government data
- 3:51Company growth and lessons
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