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.
Famous 5
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
Resources Mentioned:
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
The Top is FOR YOU if you are:
A STUDENT who wants to become the CEO of a $10m company in under 24 months (episode #4)
STUCK in the CORPORATE grind and looking to create a $10k/mo side business so you can quit (episode #7)
An influencer or BLOGGER who wants to make $27k/mo in monthly RECURRING revenue to have the life you want and full CONTROL (episode #1)
The Software as a Service (SaaS) entrepreneur who wants to grow to a $100m+ valuation (episode #14).
Your host, Nathan Latka is a 25 year old software entrepreneur who has driven over $4.5 million in revenue and built a 25 person team as he dropped out of school, raised $2.5million from a Forbes Billionaire, and attracted over 10,000 paying customers from 160+ different countries.
Oprah gets 60 minutes or more to make her guests comfortable to then ask tough questions. Nathan does it all in less than 15 minutes in this daily podcast that's like an audio version of Pat Flynn's monthly income report. Join the Top Tribe at http://NathanLatka.com/TheTop
