Morning Consult
Michael Ramlet, Kyle Dropp, and Alex Dulin established Morning Consult in 2014. They operated from a row house near Capitol Hill with just thirteen employees that year. The firm launched its first poll before the Affordable Care Act insurance exchanges went live in 2013. This early project examined whether young and uninsured Americans would sign up for coverage. By November 2020, the company had grown to employ two hundred fifty-five people.
Vox partnered with Morning Consult in February 2016 to conduct polling on politics and culture topics. Politico began a weekly partnership during the 2016 U.S. presidential election cycle. That collaboration continued after the election and appears weekly in Politico Playbook. Bloomberg News started polling investor sentiment with the firm in June 2016. The New York Times also conducts regular survey research with Morning Consult.
Morning Consult completed a thirty-one million dollar Series A funding round in May 2020. Investors included James Murdoch's Lupa Systems and Advance Venture Partners. This deal valued the company at three hundred six million dollars. A sixty million dollar Series B round followed in June 2021. Susquehanna Growth Equity joined Advance Venture Partners as lead investors. The final valuation exceeded one billion dollars that month.
The firm uses nonprobability sampling to access tens of millions of Americans through multiple vendors. Researchers apply weights based on age, race, gender, education, and region. These demographic adjustments rely on data from the 2016 Current Population Survey. The process allows the company to publish scientific online polls for various clients. Critics note this method differs from traditional probability-based sampling approaches used by some competitors.
The Economic Intelligence product launched in the fall of 2019. It tracked consumer confidence dips during the coronavirus outbreak in spring 2020. The Federal Reserve cited Morning Consult data at its emergency meeting on the 15th of March 2020. Political Intelligence tools now track approval ratings across countries like Australia, Brazil, France, Germany, India, Japan, Mexico, and South Korea.
Media outlets including The Associated Press and The Wall Street Journal regularly reference these findings.
Common questions
Who founded Morning Consult and when was it established?
Michael Ramlet, Kyle Dropp, and Alex Dulin established Morning Consult in 2014. The firm operated from a row house near Capitol Hill with just thirteen employees that year.
What is the current valuation of Morning Consult as of June 2021?
The final valuation exceeded one billion dollars that month following a sixty million dollar Series B round. This deal followed a thirty-one million dollar Series A funding round completed in May 2020 which valued the company at three hundred six million dollars.
Which media outlets partner with Morning Consult for polling data?
Vox partnered with Morning Consult in February 2016 to conduct polling on politics and culture topics. Politico began a weekly partnership during the 2016 U.S. presidential election cycle while Bloomberg News started polling investor sentiment with the firm in June 2016.
How does Morning Consult collect survey data from Americans?
The firm uses nonprobability sampling to access tens of millions of Americans through multiple vendors. Researchers apply weights based on age, race, gender, education, and region using data from the 2016 Current Population Survey.
When did the Federal Reserve cite Morning Consult data during the coronavirus outbreak?
The Federal Reserve cited Morning Consult data at its emergency meeting on the 15th of March 2020. The Economic Intelligence product launched in the fall of 2019 tracked consumer confidence dips during the coronavirus outbreak in spring 2020.
All sources
20 references cited across the entry
- 1newsJames Murdoch's Firm Is Among First to Invest in Morning ConsultKatie Roof — July 15, 2020
- 2newsAre Many Trump Supporters Too Embarrassed to Tell Pollsters the Truth?Andrew McGill
- 3journalDid Shy Trump Supporters Bias the 2016 Polls? Evidence from a Nationally-representative List ExperimentAlexander Coppock — 2017-06-26
- 4newsTrump Beats Clinton for Investor Confidence in National Poll2016-06-22
- 6webPoll: Voters trust Comey over TrumpSteven Shepard — 14 June 2017
- 8magazineIs Trump Hate-Tweeting You? Find Out if It's Really a CrisisIssie Lapowsky
- 9newsThe N.F.L. Is Now One of the Most Divisive Brands in the U.S.Kevin Quealy — 2017-10-11
- 10webMorning Consult valued at over $1 billion following new funding roundSara Fischer — Axios — 8 June 2021
- 11webMorning Consult clinches unicorn status with huge funding roundSara Gilgore — June 8, 2021
- 12newsThe Problem With a Crowd of New Online PollsSeptember 27, 2024
- 13newsThe Polls Were Historically Accurate In 2022March 10, 2023
- 15newsCoronavirus weighs on U.S. consumer sentiment in early February2020-03-13
- 16webMinutes of the Federal Open Market CommitteeJuly 21, 2020
- 17webNervous consumers around world pull back amid viral outbreak2020-03-12
- 18newsBrace for Devastating News on Jobs2020-05-08
- 19webNewsletter: Travel Bans, Stimulus Plans and a PandemicJeffrey Sparshott — 2020-03-12
- 20newsAnalysis The Finance 202: Trump's economic approval ratings defy his polling slide amid coronavirus pandemicTory Newmyer — 21 May 2020