Everyone is talking about Big Data, Deep Learning and Artificial Intelligence. But the reality in some companies looks different, especially when developing new products: (the relevant) data is missing. Without predictive models and recommendation systems cannot be trained and the value is consequently low. This so called cold-start problem is especially concerning startups, since without own data treasure the companies are missing a defendable unique value proposition. Successful startups solve this problem with the help of „Data Traps“ and develop products with „Data Network Effects“. What exactly stands behind these terms and how companies design their own successful and data-driven products, will be demonstrated by Martin Szugat based on samples from his occupation as Data Strategy Consultant.