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“It was an incredibly fruitful partnership for a long time,” Tomasz Tunguz, an investor at Theory Ventures, said of how U.S. venture firms had invested in China.

The approach to these problems is similar across vastly different disciplines, Tunguz says.

Written by venture capitalist Tomasz Tunguz and entrepreneur Frank Bien, the book tries to change that, making the case for why start-ups need a data education.

"Many software survivors of the dot-com crash pursued a more conservative strategy and were rewarded for their prudence," wrote Tunguz, a partner at Redpoint Ventures.

“I guess it is a scary word because in some sense no one wants it to stop,” said Tomasz Tunguz, a partner at Redpoint Ventures.