Matt Turck
Partner, FirstMark Capital. On 2 shows, 398 appearances. The Shows tab opens the full record on each.
investorhostfounderanalyst@mattturck ↗LinkedIn ↗mattturck.com ↗
At FirstMark Capital, he leads early-stage investments in enterprise software, data infrastructure, and AI startups. He is also the creator of the annual MAD Landscape and host of The MAD Podcast.
2shows
398appearances
118statements
42resolved
35supported
0contradicted
83%fully supported
12said about them ↓ Everything Matt Turck said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Masayoshi Son estimates superintelligence will require $9T in cumulative capex
“Masayoshi Son, the CEO of SoftBank, mentioning just a few days ago that, Inez estimate to reach super intelligence that was going to be a cumulative capex, capital expenditure budget of nine trillion dollars, which you know, in typical MASA fashion he said was…”
AI venture investing is rebuilding another 2021-style bubble
“Half of your time, you basically untangle the consequences of the excess period of twenty-twenty-one, where you know, you think of helping, how to help company get fit and you know, cut burn, extend runway, be efficient, all the things. That's like one part of…”
Sam Altman asserts that AI scaling laws will absolutely continue
“I got a chance to ask that question to Sam Altman a few weeks ago. I was at an event at an event at OpenAI. Not surprisingly, when I asked him, you know, will scaling laws continue, he looked me straight in the eye and said, absolutely”
OpenAI aims to reach $100B in ARR by 2029
“The company has extraordinary ambitions to be at a hundred billion dollar in ARR in 29”
OpenAI's funding deal was priced at 13.5x forward revenue
“The multiple on the deal on a forward revenue basis was 13.5 X.”
SaaS will not die, but evolve into wrappers around AI intelligence
“We think that SAS It's not going to be dead. We think that SAS is just going to have to evolve dramatically. And if you think of SAS being largely a wrapper around a database, and you could argue that's what Salesforce is, you know, a lot of, like, workflow an…”
Turck predicts AI value will be captured at the application layer
“It feels like a lot of the value is actually going to be captured and retained through that application layer in, in a way that is maybe not entirely different from the cloud vendors.”
Turck says an incremental GPT-5 release would end the AI hype
“It sort of feels like if it's an incremental improvement, you know, that may signify that this end, this part of the hype cycle is, is ending. If it's, you know, crazy as everybody's hoping, then yes, then it feels like we're, you know, still very much in that…”
Turck says horizontal AI startups will struggle against reactive tech incumbents
“It seems that for stuff that's very horizontal startups are going to have a harder time building long lasting businesses because in this Cycle. They are facing a very different type of incumbents compared to prior platform shifts where you know, this time you'…”
Turck says AI evaluation startups currently lack significant enterprise traction
“A lot of those companies to put it bluntly don't have a lot of traction yet, because it turns out that, if you're trying to do something, and I can, I'm not picking on them, but like evaluation or monitoring and all the things, well, you need to have LLMs to m…”
Turck says vector database viability depends on incumbent database feature parity
“Do you really need a, you know, a specialized database to do that? Or in a context where some of the more general purpose players like the MongoDBs of the world have started announcing vector capabilities, you know, is that good enough? The answer to that ques…”
Turck: Cost pressures accelerate architectures using S3, Iceberg, and DuckDB
“And then there's the acceleration of like alternative architectures, you know, storage. Why don't you just dump everything in S three, which is very cheap. And then, you know, you could use iceberg on top to add some structure to it. You can, we talked about D…”
Turck: Google invented the Transformer but is playing catch-up
“So in GPT, which stands for generative pre-trained transformers, the T is a transformer architecture that was actually Developed at Google, and the irony is that Google is playing catch-up to Microsoft and OpenAI right now because OpenAI accelerated the develo…”
Turck: Academia has completely lost the AI research battle to industry
“Academia as of now has just completely lost the battle. In AI research and development, the darker dots, and this is a long time scale at the bottom, show that in the early years of the current wave, a lot of the research came out of academia, but today it's p…”
Turck: Enterprise data market will remain fragmented, avoiding single-platform consolidation
“So the future that we see is, you know, as much as the Databricks and the Snowflakes of the world would want to be The one platform where all things data and all things AI happen we actually from our vantage point, see much more of a particular persistent subs…”
Turck: The Information reports Claude Code hit $400M ARR in six months
“There was an article in the information just a couple of days ago that was saying that Cloud Code, which really came out, what, at the end of February of this year, so five, six months ago, is already generating four hundred million in annualized revenue. That…”
Turck: Many fast-growing AI startups operate at a unit loss
“And there's reportedly open questions around gross margins as well which means that on a unit basis, a lot of those companies operate at a loss. The more they serve customers, the more they lose money,”
OpenAI's $6.6B round was the largest VC round ever
“We just had the biggest venture capital round of all time with OpenAI, which raised 6.6 billion at one hundred and fifty seven billion post-money valuation.”
xAI built its Memphis Colossus data center in 122 days
“Colossus, which is based in Memphis, which by the way apparently was built in a 122 days. So the fastest you know, time ever to build a data center.”
Big tech and AI companies are driving a U.S. nuclear revival
“But yeah, in 24, it turns out that big tech companies and AI companies are the ones driving this, Revival of nuclear power with, you know, Microsoft entering into a deal with Constellation to revive Three Mile Island, which was the site of the last nuclear acc…”
OpenAI's $6.6B round required a $250M minimum ticket
“In the OpenAI round that we're talking about, you know, the 6.6 billion dollar round. The minimum ticket size was two hundred and fifty million.”
AWS AI business is growing 3x faster than original AWS
“AWS's AI business is a multi-billion dollar revenue run rate business that continues to grow at a triple digit year over year percentage, and is growing more than three X faster at this stage of its evolution as AWS itself grew”
Great companies can be built using current AI without further progress
“Actually just with what we have, there's Plenty we can do. Plenty of great companies we can build. Just taking the current state of models and sort of deploying them in a way that's, you know, integrated in workflows and, you know, verticalized per industry.”
The other half of the tape: Matt Turck's own voice is left out of every number here. Other people bring the name up 12 times in 8 episodes across the shows. every mention, with the transcript →
Who brings them up most Harry Stebbings 5Martin Mignot 1Logan Bartlett 1Joe Reis 1George Davis 1
Every mention by year
tap a year for its mentions
20VC 7
the MAD Podcast 5
2025 1 mention in 1 episode
2022 2 mentions in 2 episodes 1 per episode
2019 1 mention in 1 episode
2018 1 mention in 1 episode
2017 3 mentions in 1 episode
2016 4 mentions in 2 episodes 2 per episode
One line per show, most statements first. The link opens Matt's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| MADLEDGER | Partner, FirstMark Capitalhost | 397 | 106 | 83% 34/41 | full record on the MAD Podcast → |
| 20VCLEDGER | Partner, FirstMark Capital | 1 | 12 | 100% 1/1 | full record on 20VC → |