In Episode #248 Nathan interviews Nova Spivack, CEO of Bottlenose – a company that uses data mining to predict long-term market trends. Nova’s a notable angel investor, blogger, public speaker, and technological pioneer who’s been involved with everything from the development of Siri to the Daily Dot. Listen as Nathan and Nova talk early-stage investment, big data, and the future of AI.
- Favorite Book? – Positioning
- What CEO do you follow? — Myself
- What is your favorite online tool?— Trello
- Do you get 8 hours of sleep?— No
- If you could let your 20 year old self know one thing, what would it be?— That the first internet bubble was actually going to burst…that would have been a great opportunity to sell up!
Time Stamped Show Notes:
- 01:10 – Nathan’s introduction
- 01:45 – Welcoming Nova to the show
- 03:00 – In 2007 Nova was the first investor in Klout – will net about 100x ROI
- 04:06 – In 2010 started the Venture studio in LA
- 05:05 – Venture helped incubate The Daily Dot: the internet’s local news website
- 06:20 – Idea behind Venture is to ‘produce’ companies: linking money to creativity
- 07:50 – Produced Daily Dot; Klout; Bottlenose, Live Matrix…
- 08:20 – Took the CEO position at Bottlenose
- 09:00 – Early-stage companies don’t need CEOs: they need producers
- 09:50 – The skill set of a producer is very different to that of a late-stage CEO
- 09:33 – Omelette currently has around 20 big-brand clients
- 11:20 – What does Nova think of Dose.com and the AI trend?
- 14:10 – How Bottlenose analytics works
- 15:00 – Real-time analytics across 100 billion data records per day
- 15:40 – SAS model: annual subscription with annual contracts of $10,000 – $500,000
- 16:48 – Discussion of Bottlenose’s current fundraising
- 19:09 – Tabletop entry for big data analytics is around $40 million
- 21:45 – Famous Five
3 Key Points:
- Don’t let early-stage investors take over your company. The skills they have won’t necessarily help you down the track
- Humans are always going to be needed for creative tasks. Creativity will become more important as automation kicks off
- Focus on improving yourself and your own performance: don’t fret about what anyone else is doing
- Freshbooks – The site Nathan uses to manage his invoices and accounts.
- Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible.
- Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
- Audible – Nathan uses Audible when he’s driving from Austin to San Antonio (1.5 hour drive) to listen to audio books.
- Show Notes provided by Mallard Creatives