Assertion certainty 4/5 debate potential 3/5

Storonsky: Quantum Light's AI model outperforms 95% of VCs on backtests

Nik Storonsky · Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings · Dec 2, 2024 · at 34:25

Nik Storonsky is the founder of Revolut and founder of Quantum Light, a venture fund that uses data science models to select investments.

0:00 / 0:11exact quote · 11.3s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We trained machine learning models on the startups, selecting the best startups. And then the machine learning model actually amazingly outperforms. 95% of VCs out there on, on backtest.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Nik Storonsky

Disclosure
Storonsky: Revolut paid $2M for 55 executive hires and fired 50
“I think I hired like, you know, 55 through executive recruiters, paid like, you know, two million in fees. I ended up, you know, firing 49 or 50 of that, so it's such a waste of money.”
Nik Storonsky Dec 2, 2024 ▶ 5:13 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Opinion
Storonsky: UK public markets cannot compete with the US due to liquidity
“I just don't understand how the product which is being provided by UK can compete with the product provided by US. It is less liquid, so it's much worse compared to US. Plus it's much more expensive because it pays some duty, right? So it's like, it's just not…”
Nik Storonsky Dec 2, 2024 ▶ 0:00 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Opinion
Storonsky: Hiring management consultants proves your internal employees are incompetent
“Because if you look at all these management consultants, they come to you with a nice presentation explaining how to get things done. A reality here is when you start hiring management consultants to help you run the company, that means your employees are not …”
Nik Storonsky Dec 2, 2024 ▶ 4:15 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Insight
Storonsky: Hiring experienced professional managers to scale is a dead end
“Well, I never believed it, but I was forced to believe that, you know, in order to scale the company to hire experienced professional managers, that's a dead end.”
Nik Storonsky Dec 2, 2024 ▶ 5:02 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Opinion
Storonsky: Traditional bank CEOs use vague jargon to hide tech incompetence
“The problem with traditional banking CEOs, they are not tech-driven at all. And then they rather speak in the very vague jargon to hide their incompetency or their limited knowledge in tech-related matters.”
Nik Storonsky Dec 2, 2024 ▶ 12:16 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Insight
Storonsky: Founder age 25 to 35 is the sweet spot for success
“If you look at statistics, so 20 to 25 is actually quite negative. Like, too early is a negative then 25 to 30 is, is okay. 30 to 35 is the best age. After 35, I mean, there is a clear negative correlation with the success. So sweet spot is 25 to 35 for founde…”
Nik Storonsky Dec 2, 2024 ▶ 36:27 Nik Storonsky, Revolut Founder: What Revolut Needs to Do to Hit $100BN Valuation | E1233 · 20VC with Harry Stebbings
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.