Everything Dan Scholnick said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Scholnick: New York is not a focus area for Trinity Ventures
“To be, I mean, to be truly honest with you New York isn't a focus area for us.”
Scholnick: Most tech industry value is still created in the Bay Area
“Still most of the value being created in the tech industry is in the Bay Area.”
Scholnick: AI commercialization will replicate the massive enterprise boom of Big Data
“And to me it feels like, Big data. Maybe six or seven years ago where companies were real waking up and realizing we have all these data assets. We need to do something with them. And that led to the rise of Hadoop and the Hadoop vendors and then, you know, a …”
Scholnick: Vertical AI will be more successful near-term than horizontal platforms
“But that's, I think unless we see more crowd flowers, the vertical approach is going to be a lot more successful in the near term because it won't rely on the customer to have expertise in how to do things like tune models and tune training sets and things lik…”
Scholnick: Tech organization influence has shifted from IT groups to developers
“The power in, and the influence in technology organizations is, has moved, shifted dramatically away from the classic IT group to the developer.”
Scholnick: Hard to build a business on undifferentiated horizontal data tools
“There are so many undifferentiated products and services out there. And I think the advice that was given by the earlier speakers of solving problems, specific problems for the customer, instead of just trying to be Horizontal in, you know, we have a better qu…”
Scholnick: New Relic hired zero sales reps during first four years
“And for the first Three or four years of the company, he refused to hire any sales reps.”
Scholnick: Docker is foundational tech for big data developers
“Yeah, it's less of a pure data company, but it's certainly a foundational technology that's making it easier for developers to work with big data systems.”
Scholnick: Trinity GPs serve on no more than eight or nine boards
“We have more partners per dollars in our fund than any firm in Silicon Valley, and that means that no, no general partner at Trinity's on more than eight or nine boards, and that, so that means we do the work for our companies, and we don't rely on other peopl…”
Scholnick: Trinity invested in InfluxDB and moved them to San Francisco
“I invested in InfluxDB, and I think it's a great company, but we moved them to we moved them to San Francisco.”
Scholnick: Humans will remain heavily involved in ML for 5-10 years
“So, at least for you know, I think the next five to 10 years, there's going to be heavy involvement of humans in machine learning systems.”
Scholnick: Trinity prefers developer-focused software to traditional enterprise models
“So, so anyway, we love these businesses at Trinity. I'm looking for more and more of these businesses and businesses, and I like them a lot better than the traditional enterprise software business.”
Scholnick: Data scientists dislike enterprise sales pitches as much as developers
“But I think you can build a similar business to The type of, to the direct to developer tool businesses. There's no reason why not. I don't think that data scientists enjoy being sold to any more than developers do.”
Scholnick: Developer tool companies rely less on large enterprise customers
“I've been surprised at New Relic and looking at financial results of Atlassian and other companies that I've seen in the developer space in that, you know, the old, I think this is what you mean by power law, but I, you know, the assumption was always that 80%…”
New Relic wouldn't have reached $100M without its early sales hires
“Those two guys you know, not single-handedly, but we would not have gotten to a hundred million in revenue without them.”
Scholnick: Trinity Ventures closed a $400M 12th fund
“We just closed our 12th fund, which is a four hundred million dollar fund.”