Afleveringen
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In this episode of 'Company Breakdowns', Erik Torenberg is joined by Tomasz Tunguz, general partner of Theory Ventures to explore how Databricks is changing the way we handle unstructured data, its impact on AI, data analytics, and the future of the data landscape.
Understand why Databricks is becoming indispensable for AI development and deployment, and learn about the key features and benefits it offers to businesses.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
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SPONSORS: BABBEL | BRAVE
🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/zen
🦁 The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
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LINKS:
Tomasz’ website: https://tomtunguz.com/
Theory Ventures: https://theory.ventures/
Databricks' Accelerating Growth by @ttunguz: https://tomtunguz.com/databricks-growth-2024/
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FOLLOW ON X:
@eriktorenberg (Erik)
@ttunguz (Tomasz)
@turpentinemedia (Turpentine)
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TIMESTAMPS:
(00:00) Introduction
(00:24) Tomasz’ Initial Thoughts on Databricks
(01:50) Databricks vs. Snowflake
(03:00) Unstructured Data Pipelines & Applications
(04:51) Databricks' Market Opportunity & Competitors
(07:00) The Investability of Databricks
(08:00) Databricks vs. Snowflake: A Deeper Dive
(09:57) The Future Battle of the Giants
(12:47) Bull & Bear Case for Databricks
(14:12) The Unbundling of the Database
(16:48) Sponsor: Babbel | Brave
(19:13) Databricks Bullish Outlook & Investment Considerations
(20:00) Databricks: A Difficult Technical Problem
(22:47) The Power of the Data Catalog
(25:09) Open vs. Closed Source: The Databricks & Snowflake Dynamic
(27:44) The Importance of Compute Workloads
(29:40) Five Trends Shaping the Modern Data Stack
(31:40) Investor Perspective & the Evolution of the Market
(33:13) The Evolution of Business Intelligence
(35:28) Databases & AI Models: A New Frontier
(37:25) Nvidia: A Key Player in the AI Landscape
(39:26) Arguments for a Lower Nvidia Valuation
(42:49) Wrap -
Today we're diving into Quilter, which just raised a $10M Series A, to get a deeper understanding of venture capital's investments into AI-assisted hard tech problems. Eric Vishria, General Partner at Benchmark, and Sergiy Nesterenko, Founder and CEO of Quilter, join Nathan Labenz to discuss Quilter's groundbreaking use of reinforcement learning to automate integrated circuit board designs. They delve into the importance of thinking beyond 'co-pilots' to fully automated AI solutions, and explore the balance of research and engineering in the AI space.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
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SPONSOR: BABBEL | BRAVE
🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at Babbel.com/torenberg
🚀 The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
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LINKS:
https://www.quilter.ai/
https://benchmark.com/
The Cognitive Revolution podcast: https://www.cognitiverevolution.ai/
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TIMESTAMPS:
(00:30) Introduction
(01:07) Eric's Investment Thesis
(03:00) The "AI and Done" Approach
(06:50) Diverging from Large Language Models
(09:15) The "Idea Maze" Framework
(11:54) Disruptive Innovation
(12:47) Sponsor: Brave | Babbel
(15:09) Exploring the Data Landscape
(16:18) Data Limitations and Reinforcement Learning
(18:00) Overcoming the Sparse Reward Problem
(19:10) Human Heuristics and Intermediate Rewards
(21:06) Extrapolation vs. Interpolation
(24:37) Trusting the Reward Signal in Circuit Board Design
(25:46) Physics as an Unambiguous Oracle
(27:05) User-Defined Search Depthbility to adjust the search depth and iteration of the system, enabling flexibility based on design complexity and optimization goals.
(29:39) Compute Allocation
(31:47) Different Physics Simulation Techniques
(33:31) The Diffusion Model Approach
(36:00) Advantages of Reinforcement Learning
(38:00) Timeline and Bottlenecks
(39:37) Unsolvable Problems and Gradual Progress
(41:58) The Future of Circuit Board Design
(43:29) Benchmark Portfolio
(45:00) Challenges and Opportunities in Each Category
(51:00) The Gap Between Research and Engineering
(53:00) Call for Startups
(54:06) Wrap -
Zijn er afleveringen die ontbreken?
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Today we’re sharing an episode of The Riff podcast where Erik Torenberg and writer- investor Byrne Hobart discuss the future of AI & education, analyze several companies including Stripe's shift towards unbundling, and the possibility of 24-hour markets.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
--
SPONSOR: BRAVE
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
--
LINKS:
“The Riff” podcast:
YouTube: https://www.youtube.com/@TheRiffPodcast
Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKt
Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486
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FOLLOW ON X:
@eriktorenberg (Erik)
@ByrneHobart
@turpentinemedia (Turpentine)
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TIMESTAMPS:
(00:00) Intro
(01:05) AI's Impact on Education
(03:33) AI in Self-Directed Learning
(06:22) Tech-Enabled Education and Its Challenges
(14:40) Byrne’s Take on Kids and Schooling
(17:46) Sponsor: Brave
(18:48) Meta's AI and Social Media Strategy
(22:46) Meta's Financial Strategy and the Metaverse
(27:03) Meta's AI Strategy and Its Competitors
(30:46) Microsoft's AI Strategy
(30:52) The Android vs. Apple Analogy
(31:41) Google's Commercial Leverage
(32:11) The Importance of Data in AI
(33:09) Meta's Open Source Dilemma
(33:58) Microsoft's Data Privacy Concerns
(34:16) The Uncertainty in AI's Future
(34:47) The Role of Ads in Business Models
(36:40) Amazon and Grocery Store Economics
(41:11) The Future of Email Ad Networks
(43:17) Investment Strategies and Market Dynamics
(47:42) China's Economic Challenges
(50:19) Stripe's Business Evolution
(54:37) 24-Hour Stock Markets
(59:04) Wrap -
In this episode of Company Breakdowns, we're publishing an episode from CJ Gustafson's “Run the Numbers” podcast, where he interviews Lee Kirkpatrick, former CFO of Twilio who was at the helm during their highly publicized 2016 IPO. Get an exclusive look inside Twilio's IPO journey, the strategy behind their IPO, and discover the key elements for building a tech company that led to their market dominance.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
--
SPONSOR:
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
--
LINKS:
Twilio: https://www.twilio.com/en-us
Run the Numbers podcast:
YouTube: https://www.youtube.com/channel/UCv8fsAhOJKLDxyx2lkNS_Og
Spotify: https://open.spotify.com/show/0zQCkklNnVgMD364kCW5SV
Apple: https://podcasts.apple.com/us/podcast/run-the-numbers/id1723787140
--
FOLLOW ON X:
@eriktorenberg (Erik)
@LeeKirkpatrick
@turpentinemedia (Turpentine)
--
TIMESTAMPS:
(00:00) Intro
(00:18) Behind Twilio's IPO with Lee Kirkpatrick
(02:11) The Journey to Twilio's IPO: Preparation and Strategy
(03:42) Twilio's Unique Business Model and Market Position
(05:52) Navigating the IPO Process: Challenges and Strategies
(09:11) The Big Day: Twilio Goes Public Amidst Brexit Vote
(15:05) Post-IPO Reflections: Pricing, Branding, and Investor Relations
(19:01) Sponsor: Brave
(20:03) Choosing the Right Bankers and Building Investor Relationships
(23:53) The Reality of IPO Roadshows and Investor Behavior
(25:12) Inside the Intense 8-Day IPO Roadshow Journey
(30:16) Mastering the Earnings Call as a Public Company CFO
(36:30) The Qualities That Distinguish a Great CFO
(37:49) Learning from Mistakes: A CFO's Reflections
(41:20) The Craziest Expense Report Story
(42:51) Wrap -
In this episode of 'Company Breakdowns', Drew Cohen from Speedwell Research joins Erik to delve into the intricacies of Copart's business, a leading tech company in the salvage vehicle marketplace. Dive into Copart's impressive financial performance, including high ROIC, consistent growth, and a strong balance sheet.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
--
SPONSOR:
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
--
LINKS:
Newsletter:
https://www.speedwellmemos.com/
The Synopsis Podcast:
Spotify: https://open.spotify.com/show/3lGqHRKHd7t5LIpKc8f7Li
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FOLLOW ON X:
@eriktorenberg (Erik)
@Speedwell_LLC
@turpentinemedia (Turpentine)
--
TIMESTAMPS:
(00:00) Intro
(00:28) Drew Cohen and Speedwell Research
(03:03) Unpacking Copart's Business Model and Market Position
(06:58) The Founding Story of Copart and Its Evolution
(14:59) Strategic Growth and Capital Allocation at Copart
(17:11) Sponsor: Brave
(20:38) Aligning Business Models with Incentives for Success
(26:08) Coping with Catastrophes: Copart's Operational Excellence
(29:48) Diversification Beyond North America and Salvage
(32:18) International Expansion: Challenges and Opportunities
(39:04) The Complexities of Entering the Salvage Vehicle Market
(43:33) The Future of Copart in the Age of Autonomous Vehicles
(46:53) Financial Insights and Copart's Business Model
(49:59) Weighing the Bull and Bear Cases for Copart
(55:40) Final Thoughts and the Price Valuation Discussion
(57:01) Wrap -
In this episode of 'Company Breakdowns', Alex Clayton from Meritech Capital joins Erik to discuss Klaviyo's remarkable journey from bootstrapped startup to market leader, achieving nearly $700 million in ARR with impressive capital efficiency. Gain valuable insights into what sets Klaviyo apart in the competitive tech landscape.
🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj
Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
--
SPONSOR:
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
--
LINKS:
Meritech Capital: https://www.meritechcapital.com/
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TIMESTAMPS
(00:00) Intro
(00:57) Klaviyo's Business Model and Market Position
(04:05) The Shopify Ecosystem and Klaviyo's Strategic Position
(05:48) Comparing Klaviyo and Braze: Different Strategies for Different Segments
(09:45) Investment Perspectives and the Future of Klaviyo
(12:03) Sponsor: Brave
(13:19) How Big Can Klaviyo Get?
(18:37) Understanding Software Business Metrics and Klaviyo's Financials
(25:09) Exploring Klaviyo's Market Penetration and Growth Potential
(30:53) Risks and Bull Case for Klaviyo's Future
(35:58) PLG vs. Sales-Led Growth Strategies in Tech
(37:58) Wrap -
This episode of 'Company Breakdowns' features a deep dive into Reddit's S-1, business strategies, user engagement, and potential monetization avenues. Tanay Jaipuria of Wing Venture Capital joins Erik Torenberg to explore Reddit's journey to IPO, its unique position as a global community platform, its exploration into data licensing, and its ad-based revenue model's intricacies compared with other social media giants.
Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
--
SPONSOR:
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
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LINKS:
Tanay's Newsletter: https://www.tanayj.com/
Wing Venture Capital: https://www.wing.vc/
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TIMESTAMPS:
(00:00) Intro
(03:21) What Reddit Got Right
(07:42) Reddit's Unique User Base
(11:48) The Future of Reddit: AI, Data Licensing, and Potential Growth
(20:14) Sponsor: Brave
(20:51) Reddit's Journey to IPO and Its Market Dynamics
(24:29) Creating Valuable Data
(28:29) Bull Case and Bear Case for Reddit
(31:19) Improvements for Reddit
(34:04) Unpacking Reddit's R&D and Efficiency Opportunities
(38:15) Competition and Risks
(43:36) WallStreetBets and Meme Stock
(46:10) Reflecting on Reddit's Long-Term Journey and Impact
(48:38) Wrap -
In the debut episode of Company Breakdowns, Erik Torenberg invites CJ Gustafson to dissect Rubrik's strategy in advance of its IPO on the NYSE on April 24, 2024. Rubrik, initially a backup and recovery firm, transitioned to a cloud-based subscription model, expanding its market reach and cybersecurity focus. The discussion covers Rubrik's funding, valuation, sales strategies, competitive landscape, and the challenges of subscription models, concluding with insights on IPO implications and the importance of innovation and market positioning for tech companies.
Subscribe to this season of Company Breakdowns for analysis of Reddit, Databricks, and more! Subscribe to Company Breakdowns' newsletter: https://company-breakdowns.beehiiv.com/
Company Breakdowns is a part of the Turpentine podcast network. Learn more: www.turpentine.co
--
SPONSOR:
The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “Turpentine” when signing up for a 25% discount on your first campaign.
--
LINKS:
Mostly Metrics, Rubrik IPO: S-1 Breakdown https://www.mostlymetrics.com/p/rubrik-ipo-s1-breakdown
Mostly Metrics, Is Net Promoter Score the Ozempic of Metrics? https://www.mostlymetrics.com/p/is-net-promoter-score-the-ozempic
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TIMESTAMPS:
(00:00) Intro
(00:41) Rubrik's Evolution
(02:20) The Strategic Shift: Cloud and Cybersecurity Expansion
(05:13) Dissecting Rubrik's Sales Strategy and Market Competition
(11:19) Exploring Rubrik's Revenue Model and Subscription Shift
(15:27) Rubrik's Impressive Growth Metrics and Future Prospects
(17:28) Sponsor: Brave | Turpentine
(19:14) The Role of R&D in Rubrik's Competitive Edge
(20:57) Decoding the Financials: Sales, Marketing, and Sustainability
(22:06) The IPO Strategy: Navigating Public Markets
(24:12) Evaluating the S-1
(27:25) The Bull and Bear Case for Rubrik
(30:31) Valuation Insights and Understanding the Numbers
(33:31) Expanding Horizons: Global Growth and Customer Insights
(34:58) NPS is the Ozempic of Metrics
(37:55) IPO
(39:48) Wrap
