What data is valuable to own?

Some thoughts riffing on this conversation between @kylesamani and @jesse last week:

Cofounder, Managing Partner @ Multicoin Capital

Investing @variant, writing at https://backoftheenvelope.substack.com/

Most data is valuable only in some aggregate form 

Example: what an individual listens to on Spotify has no predictive power over an artist’s ability to sell out a tour. The global leaderboards of artists on Spotify, however, might be useful to studios when planning venue locations / sizes, investing in new genres, etc.

I agree. In health-tech, we've looked extensively at patient health data ownership. It's a lot more appealing a concept at the 50,000 ft level.

Building something new. 🟪 Host: /venturecapital /adventures /theitinerant

Yes, potentially.

- Aggregate:  If it's clean and structured data. Given how fragmented the industry is with limited interoperability, when the data does exist it's typically a mess and silo'd which makes extracting actionable insights challenging.

Joint-venture efforts like https://avaneerhealth.com/ (which I worked on in a previous life), are likely the most direct path to bringing it on-chain.

- Individual data: yes, if someone can solve the attribution question at the individual patient level, it will unlock hundreds of billions in value across the healthcare industry.  No exaggeration.

I imagine there's probably paths for both:
-Aggregate data: really useful for insurance co's, drug manufacturers, maybe even hospital systems

-Individual data: valuable to the user, when their data is being used as a pricing input (e.g. for insurance premiums)

Maybe part of the distinction is that the "value" in the solo / user-owned scenario is on some sort of cost saving (ie implicit value) rather than being paid explicitly for their data