20VC: Data Collective's Matt Ocko on The Dark Side Of AI & What Happens When 3-4m People Become Unemployed Overnight
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 21 November 2016
⏱️ 22 minutes
🧾️ Download transcript
Summary
Matt Ocko is the Co-Managing Partner and Co-Founder @ Data Collective and has over 3 decades of experience as a tech entrepreneur and VC and has made investments in the likes of Facebook, Zynga, Uber and AngelList just to name a few. If that was not enough he is also an inventor on over 40 granted or in process patents. A truly deep thinker and one of my fave ever shows to record.
In Today’s Episode with Matt You Will Learn:
- How Matt made his way into VC and came to co-found Data Collective?
- What is the biggest challenge facing the rise of AI today? How does this evolve the further into the category we get?
- How does this affect the future of work? What will the 3-4m unemployed non-college educated do? What is the solution to this? Universal basic income?
- How does the rise of AI radically alter the structure of society? How does it affect national economies and global macroeconomics?
- Why is the Keynesian belief, that human wants and needs are infinite and we will simply adjust to AI life, not relevant? What does that say about the adoption and disruption rate?
Items Mentioned In Today’s Show:
Matt’s Fave Blog and Newsletter: MIT Technology Review
Matt’s Fave Book: The Way Things Work
Matt’s Most Recent Investment: Tradeshift
As always you can follow Harry, The Twenty Minute VC and Matt on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
The Twenty Minute VC is proudly sponsored by Luma, Luma is the world’s first ever Surround WiFi system that brings speed, security and control to the home network. And Unlike traditional routers, Luma comes in a pack of two or three sleek devices to place in different rooms in your home. Luma then creates a mesh network that work together to create an outrageously-fast, ultra-secure Surround WiFi network. Lastly, Luma’s app lets you easily see and control which devices, users and content are on your network. To buy your Luma, simply dead to getluma.com or amazon.com.
So many problems start with your head: stress, depression, anxiety, fear of the future. What if there was some kind of exercise you could do, that would help you get your head in shape. That’s where the Headspace app comes in. Headspace is meditation made simple. The Headspace app provides guided meditations you can use whenever you want, wherever you want, on your phone, computer or tablet. They have sessions focused on everything from dealing with stress and depression, to helping you eat more mindfully. So download the Headspace app and start your journey towards a happier, healthier life. Learn more at headspace.com/20vc. That’s headspace.com/20vc.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the 20 minute VC with your host Terry Stebbings at H. Stebbings on Snapchat, and today I have some |
| 0:05.3 | groundbreaking news for you. We now have a blog. Now, I know that the VC world is full of blogs, but this |
| 0:11.1 | is slightly different. So first, like Fred Wilson, it's daily, and like Fred Wilson, it's short and |
| 0:15.9 | easily digestible. However, the main difference is fun, and as I'm sure you can tell by now, I think VC is one of the |
| 0:22.2 | most fun things out, and no one really embraces the fun and the fascinating side of VC to me. |
| 0:27.8 | So a good way to describe this blog is Fred Wilson meets Freakonomics. |
| 0:32.1 | Upcoming pieces include why bad sex is like bad SaaS startups, why nightclubs are the only people who understand customer |
| 0:39.1 | success and much more, bringing the fun, the weird and the wonderful side of VC all to you, and |
| 0:44.9 | check out the name, mahitovc.com. I just couldn't resist that domain name. So head over to |
| 0:50.1 | mahitovc.com today, where you can find the ground rules of the blog. I'd absolutely love to hear your |
| 0:55.2 | thoughts. However, for the show's day, and I'm delighted to welcome back a second timer, and one of my |
| 0:59.5 | favorite guests ever to have on the show is the fantastic Matt Occo. Now, Matt is the co-managing |
| 1:04.5 | partner and co-founder at Data Collective, and he has over three decades of experience as a tech entrepreneur and VC, and he's made |
| 1:11.4 | investments in the likes of Facebook, Zinger, Uber and Angelist, just to name a few. And if that |
| 1:16.7 | wasn't enough, he's also an inventor on over 40 granted or in-process patents, a truly deep |
| 1:22.2 | thinker and one of my favourite ever shows to record, and this one in particular is focused on |
| 1:26.6 | Matt's views on the future of AI and what is to come. A huge hand to Jonathan Abraham's at Nuzzle for the intro to Matt. |
| 1:32.3 | We so appreciate that. But before we welcome Matt to the show today, the 20 minute VC is proudly |
| 1:36.9 | sponsored by Luma. Luma is the world's first ever surround Wi-Fi system that brings speed, |
| 1:41.7 | security and control to your home network. And unlike traditional routers, Luma comes in a pack of two or three sleek devices |
| 1:48.0 | to place in different rooms around your home. |
| 1:51.0 | Luma then creates a mesh network that works together to create an outrageously fast, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Twenty Minute VC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Twenty Minute VC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.