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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Founders Fund's Chief Scientist on Why AI Is Mostly A Scam, Why The Value of Large Datasets Is Mostly Overplayed & The Societal Effects of 4m Truck Drivers Being Unemployed with Aaron Vandevender

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 16 October 2017

⏱️ 32 minutes

🧾️ Download transcript

Summary

Aaron VanDevender is the Chief Scientist at Founders Fund, one of the world's leading fund with investments in the likes of Facebook, Airbnb, SpaceX, Spotify and many more incredible companies. At Founders Fund, Aaron monitors the scientific impact of the portfolio, works with portfolio companies, assesses new technologies, and conducts his own research. Prior to Founders Fund, Aaron has designed single-photon and single-atom quantum computers in academia and government (NIST), advanced the quantum-mechanical theory for microscopic black holes, patented the fastest transparent optical switch, and is a co-inventor of yoctotechnology. He then developed next-generation DNA sequencing technology at Halcyon Molecular. His broad scientific interests encompass energy, biotech, nanotech, and computing.

In Today’s Episode You Will Learn:

1.) How Aaron made his way from microscopic black holes and DNA sequencing to the world of Founders Fund? What does a Scientist-In-Residence do?

2.) Why does Aaron believe that AI is mostly a scam? Where does Aaron see and then want to see further progression in the field of AI and ML? How does Aaron distinguish between crazy and genius? What are the signs?

3.) Why does Aaron believe that the value of massive datasets is largely overplayed? What characteristics of datasets are exciting for Aaron to see when evaluating an opportunity? Where and how can datasets be misleading and lose their value?

4.) How does Aaron view the societal effects of 4m truck drivers being unemployed by the rise of self-driving? How does Aaron view trucking both as goods distribution and wealth distribution networks?

5.) How does Aaron view the implementation of universal basic income? Why does Aaron believe we have a challenge decoupling wealth and virtue? To what extent is this a core problem?

Items Mentioned In Today’s Show:

Aaron’s Fave Book: Tales From The Thousand & One Arabian Nights

Aaron's Fave Blog: Slash Dot

Investment Aaron is Most Excited By: Ayar Labs

As always you can follow Harry, The Twenty Minute VC and Aaron on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Transcript

Click on a timestamp to play from that location

0:00.0

We are back on the 20 minute VC with me, Harry Stebbings, at H. Debings, with two Bs on Snapchat,

0:05.0

and it'll be fantastic to see you there where you can suggest questions and guests for future episodes.

0:09.6

Now, this week, though, we have a very special feature week.

0:12.1

So in the past few years, we've seen some of the most forward-thinking funds integrate scientists in residence or chief scientists into their fund.

0:19.3

So this week, we're joined by two of the leaders in

0:21.4

this field and kicking off today with an interview I consider one of my favorites yet to record with

0:25.9

Aaron van der Vender. Now Aaron is the scientist in residence at Founders Fund, one of the world's

0:30.4

leading funds with investments in the likes of Facebook, Airbnb, SpaceX, Spotify and many more

0:36.0

incredible companies. Now at Founders Fund,

0:38.2

Aaron monitors the scientific impact of the portfolio, works with portfolio companies directly,

0:42.9

assesses new technologies, and conducts his own research. And prior to Founders Fund,

0:47.0

Aaron has designed single photon and single atom quantum computers in academia and government.

0:52.2

He advanced a quantum mechanical theory for microscopic black

0:55.4

holes. He patented the first transparent optical switch and is a co-inventor of Yocto technology.

1:01.4

No idea. He then developed next generation DNA sequencing technology at Halcyon Molecular.

1:06.9

And if you understood 10% of the above words, congratulations you significantly beat me.

1:11.4

But I do also want to give a big hand to the wonderful Kevin Harts and Brian Singerman at Founders Fund

1:15.6

for the intro to Aaron today, without which this episode would not have happened.

1:19.0

But before we move into the show today, if you're a founder or operator, your most important job is

1:23.1

people operations, whether that be hiring execs, developing managers or retaining top talent. And that's why

1:29.1

you need lattice. Latice is the number one performance management solution for growing companies. With

1:33.8

lattice, it's easy to launch 360 performance review cycles as often as you want. And you also get an

...

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