20VC: Is Big Data Still A Thing with Matt Turck, Managing Director at FirstMark Capital

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The Twenty Minute VC

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

4.4 • 637 Ratings

🗓️ 30 May 2016

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Turck is Managing Director of FirstMark Capital where he invests across a broad range of early-stage enterprise and consumer startups. Prior to FirstMark, he was a Managing Director at Bloomberg Ventures, the investment and incubation arm of Bloomberg LP. Previously, Matt was the co-founder of TripleHop Technologies, a venture-backed enterprise search software startup that was acquired by Oracle. Matt organizes two large monthly events, Data Driven NYC (focuses on Big Data and AI) and Hardwired NYC(focuses on IOT, AR/VR, drones). At Firstmark, Matt has made investments in the likes of Sketchfab, Sense 360 and the much loved X.ai with Amy Ingram as your personal secretary.

In Today’s Episode You Will Learn:

1.) How did Matt make his way into the world of VC?

2.) What does big data really mean? With the cool kids in the data world moving on to obsessing over AI, is big data still a ‘thing’ in 2016?

3.) Why is now the time for big data? What has enabled big data to have sudden mass utility across a variety of applications?

4.) How does Matt view the integration of big data and AI? Is AI helping big data deliver it’s promise?

5.) How can we combat the incumbency advantage of large companies owning the majority of datasets? How can startups access similar datasets?

Items Mentioned In Today’s Episode:

Matt’s Fave Blog: AVC, Chris Dixon, Brad Feld, Wait But Why

Matt’s Most Recent Investment: Hyperscience

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

If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!

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Transcript

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0:00.0	This is the 20 minute VC with your host, Harry Stebbings, which, as you know, you can find me on Snapchat at H. Stebbings with two Bs.
0:07.4	Now, I'm super excited for our guest today, as I've been a massive fan of his blog for a long time now.
0:12.1	So joining me on the show, we have Matt Turk, managing director at First Mark Capital, where he invests across a broad range of early stage enterprise and consumer startups.
0:21.9	And prior to First Mark, he was a managing director at Bloomberg Ventures,
0:26.0	the investment and incubation arm of Bloomberg LP.
0:29.3	Previously, Matt was the co-founder of Triple Hop Technologies,
0:32.7	a venture-backed enterprise search software startup that was acquired by Oracle.
0:36.8	And Matt organizes two large monthly
0:39.4	events, data-driven NYC, which focuses on big data and AI, and hardwired NYC, which focus on
0:45.8	IoT, AR, VR, drones, and other emerging technologies. And at first mark, Matt has made
0:51.9	investments in the likes of Sketchfab, Sense 360, and the much-loved
0:56.6	X.a.I. with Amy Ingram as your personal AI secretary. However, before we deep dive on data
1:02.1	with Matt today, did you know that sleeping directly after learning something new will improve your
1:06.9	ability to remember it? So head to your Lisa mattressress when this episode is over. And why a Lisa
1:12.4	mattress? Well, they're expertly crafted with three distinct layers, one of memory foam and one of
1:18.1	latex light foam, designed to keep you cool. They also completely avoid the showroom experience,
1:23.0	offering an all-online experience, meaning they have a lower cost structure reflected in their
1:27.3	prices,
1:27.8	which are really simple and really transparent. And once bought online, the mattresses are then
1:32.3	shipped to your door if you live in the UK, US and Canada for free, and you get a hundred-night
1:37.4	trial to ensure the mattress is perfect for you. So get yours by heading over to Lisa.com forward
1:42.8	slash VC and enter the promo code VC- at checkout for an incredible $75 off.
	...

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