Predicate Proposal - Founding Date

Value statement: The founding date of a company is valuable contextual info, particularly about its maturity and growth. For instance, two companies with the same operating revenue could be interpreted differently if one was founded one year ago and the other a decade ago.

Definition: “The date that a company legally starts operating, as indicated by the intentions of the company’s founder(s) to start a particular business and usually the purchase or production of operating assets. The founding date would be the earliest of any of these two events in the company’s lifetime.“

Tooltip definition of the predicate: “The date that a company legally starts operating, usually indicated by the acquisition of operating assets and intentions to start a particular business.“

Type of value: String

For enums all possible values: N/A

# of accepted values: one. An entity should not have more than one founded date.

Estimated cardinality of this predicate: ~1 billion, the rough expectation on the number of companies/organizations will be in Golden’s graph.

Estimated frequency of new values or changes: The founding date of an entity is a permanent property.

Inverse Properties and Name: N/A

Examples of proper use:

  • Meta” “founded date” is “February 4, 2004” [citation]. A website that facebook is in control of clearly states that their public founding was February 4th, 2004.
  • Apple” “Founded Date” is “April 1st, 1976” [citation]. This partnership agreement signed by the founders of Apple is first known indication for starting the particular business around Apple, though the Apple computer I they would be selling existed prior to this date.

Examples of improper use:

  • Meta” “founded date” is “July 29th, 2004” [citation from SEC]. This date is from Meta’s (originally ‘Facebook’) certificate of incorporation, which is filed months after the company is formally organized. “July 29th, 2004” should be used as the “date of incorporation’ predicate instead.

Usage in other schemas:

Constraints: Should only be applied to companies/organizations

Qualifiers that apply to this predicate: N/A

Citation Required?: Yes

Also known as: Date of establishment, date of founding

Suggested applicable templates on Company, Organization

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I think in the field “founded date” we should exclude the future date. For example, the current company cannot be founded in 2023 or 2123.

That is, when we speak of the date of foundation, we must mean facts that have already happened.

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Hm - this is perhaps a constraint we could add on the majority of date predicates.

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@leeds Yes, that’s a good idea.