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by ktamura 3830 days ago
They definitely are as far as their roles at (most) startups are concerned.

Unless your startup's core strategy involves machine learning, statistics tends to come handier than machine learning in the early days. Most likely, what moves your company is not a data product built atop machine learning models but the ability to draw less wrong conclusions from your data, which is the very definition of statistics. Also, in the early days of a startup, you experience small/missing data problems: You have very few customers, very incomplete datasets with a lot of gotchas. Interpreting such bad data is no small feat, but it's definitely different from training your Random Forest model against millions of observations.