Turck: Startups selling raw data to Bloomberg earn less than projected
Matt Turck · Kirill Sheynkman, RTP Ventures // Data Driven #3 // Feb 2012 (Interviewed by Matt Turck) · Dec 5, 2013 · at 21:01
Matt Turck shares observations from Bloomberg's interactions with startups offering raw data products.
0:00 / 0:24exact quote · 25.0s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“I think that the business of selling data is, is a very difficult business, and from a Bloomberg perspective, we've, you know, spoken, or we speak very often to startups that come to us with the hope to sell their data, raw data, and I think they quite frequently come out of those conversations fairly disappointed, not that we don't want to buy the data, in some cases we do, but the monetary amount is not what they had in their projections typically.”
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 Matt Turck
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…”