Correlation Between Burning Man Participants and Founders of Successful Startups

Goals

Determine insights and statistics on the correlation of Burning Man festival attendees and successful startup founders. The information will be used to validate this correlation and determine the viability of a VC that is focused on burners.

Early Findings

Correlation Between Burning Man Participants and Founders of Successful Startups

Based on the comments on the given Facebook post, there are some insights that touch on the correlation between the Burning Man festival's attendees and startup founders.
  • According to a commenter, the person would prefer to invest or collaborate with burners if all the other factors will remain the same.
  • Another commenter mentioned about an anecdote that he is already in the process of starting up his second company.
  • His first company deals with flight training and the second startup that he established produces an absinthe product.
  • The ideas for the companies above blossomed from his experience making and serving absinthe for the Green Hour in BRC.
  • Based on the comment of another group member, the Google co-founders were known to have hired their CEO from a roster of Burning Man's attendees.
  • However, there is a prevailing assumption that any conclusive correlation is most probably based on geographical location as the location of the event is near California, a favorite location for startups.
  • Furthermore, it was observed that using the festival to build business connections tend to be more linked to common values rather than business competency.

Proposed next steps:

You need to be the project owner to select a next step.
Our initial research provided some insights on the given Facebook post in the Burning Man page. As there are still members who are providing their comments on the post, we propose continuing the research to determine 5-7 additional insights from the comments on the post to address the given topics such as whether there is a correlation between people who attend Burning Man and founders of successful startups, if there is a high concentration of top startup founders attending the event, and whether there is an advantage to picking companies to invest in from the pool of burning man participants.
We also recommend undertaking more research to determine 2-3 insights from the Burning Man BRC Census report that might be used to infer the requested correlation above between attendees and startup founders.