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We are not the first people to notice that companies are connected

Board and ownership data has been sold for twenty-five years. Here is what each of the established options does, what it does not, and where that leaves us. No straw men.

THE LANDSCAPEAS WE UNDERSTAND IT, 2026
BoardEx
Has: 25 years, 1.8M people, 2.2M organisations, human analysts. The reference dataset — academics use it.
Lacks: a transaction-time dimension. Corrections overwrite silently, so a point-in-time backtest carries look-ahead bias you cannot see.
Bloomberg
Has: director profiles with other board roles; screening on over-boarding.
Lacks: graph traversal. You can look a person up. You cannot hand it your book and ask what is two hops away.
Boardroom Alpha
Has: 240,000 traced interlocks across 6,000 US issuers, parsed from proxies within minutes.
Lacks: a portfolio-centric view. It answers “who is this person connected to”, sold to governance and activism desks — a different question and a different buyer.
Reflexivity
Has: a shipped relationship product with real distribution and real users.
Lacks: board and institutional-ownership edges. Their graph maps themes, brands, geography, competitors and suppliers — not who sits on both boards and who owns both.

Where that leaves us

Two things nobody in that list does together: edges made of people and money rather than themes and supply chains, and a transaction-time stamp on every one of them, so the graph can be queried as it stood on any past date.

What we do not have: twenty-five years of history, or their coverage. We have public filings, in full, from the date we started recording — and we say so on every result.