Matt Turck
2,596 FOLLOWERS
Thoughts on the tech startup world and other things I find interesting
Matt Turck
1M ago
Many SaaS stocks have been getting clobbered in public markets. Some see the “end of software“. Is SaaS dead? What seems to be happening: What happens next: (Some unedited Saturday morning thoughts ..read more
Matt Turck
1M ago
As a companion to the 2024 MAD (ML, AI & Data) Landscape (blog post, PDF, interactive website), my colleague Aman and I had a fun chat about some key trends we see in data and AI. Some topics we covered: This was recorded a few weeks ago and things move fast in AI, but almost ..read more
Matt Turck
4M ago
This is our tenth annual landscape and “state of the union” of the data, analytics, machine learning and AI ecosystem. In 10+ years covering the space, things have never been as exciting and promising as they are today. All trends and subtrends we described over the years are coalescing: data has been digitized, in massive ..read more
Matt Turck
4M ago
Billing infrastructure has been a vexing issue for generations of software and Internet companies. It is mission critical infrastructure and as such, feels like a problem that should have been sold a long time ago. Yet ask any company and you’ll generally get the same reply: they’re dissatisfied with their billing system, which doesn’t offer the ..read more
Matt Turck
7M ago
1) Be an AI leader: Buy at least one share of Open AI in that employee secondary at an $86B valuation – then change website and all social profiles to “early believer and investor in Open AI” 2) Leverage the network: In conversation, drop frequent references to “Sam”, “Satya” and “the Besties” – I put ..read more
Matt Turck
1y ago
Is this it? Are we back? Everyone in the startup and venture world has been waiting for months for the re-opening of the IPO window. After a record breaking 2021 (1035 IPOs, beating the previous record of 480 in the year 2020), 2022 saw a dramatic decline (181 IPOs) and 2023 so far has not ..read more
Matt Turck
1y ago
(This post is part of my “This Week in AI” series, which is general off-the-cuff market commentary. I’m not an investor in either MosaicML or Databricks) $21M per employee. That’s the price Databricks is paying for MosaicML — a total of $1.3B for 62 employees (in Databricks stock, and also includes employee retention packages). One ..read more
Matt Turck
1y ago
Synthesia, the market leader in AI video generation, is announcing this morning an exciting $90M Series C financing. This is a great milestone for the company, making it a newly-minted unicorn and adding strong new partners (Accel, Nvidia, and some great individuals) to the team. Beyond the fundraising momentum and accolades, however, Synthesia has first ..read more
Matt Turck
1y ago
Pigment just closed an exciting $88M Series C (TechCrunch coverage here). The company is rapidly emerging as the global leader in the next generation of business planning platforms (aka Anaplan replacement), a testament to the power of a world-class team delivering great execution consistently over years. While we at FirstMark are certainly excited to have ..read more
Matt Turck
1y ago
Note: those are quick thoughts on some of last week’s most interesting news in AI. I may, or may not (!) do this on a regular basis. This last week in AI: Adobe killed all the Generative AI design startups with Firefly, and then Microsoft killed all the other Generative AI startups with its plugins ..read more