Everything Mike Dauber said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dauber: Back 10x technical teams and figure out the market later
“If you're really, really, really honest, it's finding the 10 X teams, and you can kind of figure out the markets later, and so that's not like a very tweetable line, but I think it's the truth.”
Dauber: Portfolio AI analyzes medical cases 10% more accurately than humans
“We have a portfolio company in the med tech space where, you know, my dad was a pathologist, and when I was a kid, it would take him 20 minutes to analyze a case to determine whether or not you had cancer. You know, I think in a minute, ah, these guys can anal…”
Dauber: HIPAA puts the US at a material disadvantage in healthcare AI
“And I think the United States is gonna be at a material disadvantage on the healthcare side for this reason, where I think, ah, as a patient, and as, ah, a son or a father, You know, I appreciate the HIPAA laws, and I think they're, they have all these good in…”
The 'big data' concept will disappear within 5 to 10 years
“And our belief is, five, 10 years from now, this notion of big data is going to disappear, and this is going to be this notion of data. And companies that incorporate big data capabilities into their applications are going to win relative to companies that don…”
Dauber: Technical founders very rarely understand the vertical markets they seek to disrupt
“If people know markets, they're somewhere over here, and people know the technology are somewhere over by that exit sign, and they very, very rarely run into each other. And so the number of companies you meet that truly understand the verticals that they're t…”
Dauber: Google is the only tech giant successfully investing outside core business
“Google's the only company that seems to go out and invest in areas that have nothing to do fundamentally with their core business, and then do a good job of it.”
From 1900 to 2000, government operationalized major tech before consumers
“Every technology that came out was really, even if it was invented by somebody else, It was operationalized by the military or some government entity.”
Consumer companies have replaced government as the primary tech innovators
“The companies now that are coming up with the new technology are big consumer companies and not the government and not the military.”
Not enough data scientists exist to support all current data science tools
“There just aren't enough smart data scientists to buy all the technology that's being built today for data scientists, just as an example.”
Dauber: Amplify portfolio company looked internationally for early healthcare data
“I mean, for one of our companies, one of the things they did was they looked internationally first, which is not a typical strategy for us, but it was finding data partners who had access to kind of what Jake was talking about, right, kind of this unfair acces…”
SaaS venture investments significantly outperformed cloud infrastructure tools
“If you look at the SaaS investments, they outperformed the cloud investments by a margin that was pretty significant, right?”
Steve Wynn's pricing rule was to charge $10 more than Caesar's Palace
“Steve Wynn personally had a single rule on how they ran what the price was for the hotel every night, and the rule was very, very, very simple. Look across the street at Caesar's Palace. Whatever they're charging, charge 10 dollars more.”
Startups without traction need a core market insight to raise venture capital
“A venture firm early on, if there's no data points, we have to have something that we can hold onto and say, Yeah, these guys haven't done this before, but, right, they have some core insight or some knowledge of the market where they've spent more time on thi…”
Battery Ventures saw 10 photo apps indistinguishable from early Instagram
“There were 10 companies that we saw on the photo sharing space that looked very similar to Instagram that were indistinguishable at the time, but ended up not being as successful.”
Splunk never mentioned 'big data' during its pitch to Battery Ventures
“So we were late investors in Splunk. Splunk was a great company. At no point during Splunk's pitch did they ever talk to us about big data.”
Completing the last mile of product execution kills many enterprise startups
“Creating feature functionality that goes across the board that works the enterprise scale, it actually proves to be pretty hard to do, and what happens, what ends up happening to a lot of startups is that, that last mile, if you will, proves to be the killer, …”