Ep. 152: Building the future at venture studios | Taylor Black
Feb 13, 2024
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Taylor Black, a cross-functional team leader and seasoned entrepreneur, discusses building companies at venture studios, co-creating ideas, filling knowledge gaps, and the rise of AI companions. He also explores the potential of technology in reading and writing, the future of deep tech and material science, and the importance of balancing technology with humanity.
Taylor Black specializes in working with in-house teams to generate innovative ideas for meta-materials, emphasizing the importance of involving customers early on for valuable feedback.
There is an emerging trend in raising capital through revenue-share models, offering benefits to founders by allowing them to retain more equity and aligning their interests more closely with solving customer problems.
Deep dives
Taylor Black's role in working with startup companies at the early stages
Taylor Black works with startup companies at the early stages, specifically from stage zero to stage one. This is the crucial phase where loose pieces and ideas are brought together to make sense and form the foundation of a startup. Taylor specializes in working with in-house teams of experts, such as scientists, artists, and engineers, to generate innovative ideas for meta-materials with unique signal manipulation capabilities. One of the examples discussed is their work in golf ball manufacturing. Taylor's approach involves internal ideation, spinning off companies based on those ideas, and obtaining equity in return. He emphasizes the importance of involving customers early on to gather valuable feedback for product improvement.
Taylor Black's experience in venture building and venture studios
Taylor Black has extensive experience in the venture building and venture studio space. He has been involved in building companies at their early stages, from zero to one, in various organizations such as Fizzy Ventures and Microsoft Incubation Studio. His focus is to remove operational obstacles for entrepreneurs, allowing them to focus on their core business ideas. Taylor's role as a force multiplier involves smoothing out the operational aspects, like formation, HR, and finance, so that entrepreneurs can reach product-market fit quickly. With his expertise sought after by founders, accelerators, and incubators, Taylor has contributed to the growth and innovation of many ventures.
Taylor Black's insights on revenue-share models and the future of venture capital
Taylor Black discusses an emerging trend in raising capital through revenue-share models rather than traditional venture capital funding. He believes that the venture capital landscape will undergo significant changes, focusing more on revenue-share models due to factors such as the post-zero percent interest rate era. Revenue-share models offer benefits to founders, allowing them to retain more equity in their companies and aligning their interests more closely with solving customer problems. While this shift may take time for founders and venture capital firms to adapt to, it ultimately serves the interests of founders and promotes a more efficient and customer-focused approach to business.
Taylor Black's perspective on the future of AI and human-machine interaction
Taylor Black envisions a future where machines better understand humans, rather than the other way around. He believes that advancements in AI, specifically in natural language processing and conversational interfaces, will enable machines to become companions that align with human thought processes. He foresees a shift where humans can interact with AI in a way that allows the machines to respond to human thinking and context, fostering creativity, enhancing personal insights, and assisting in problem-solving. However, he emphasizes the importance of maintaining human connection and not outsourcing critical aspects of life solely to AI, instead treating the technology as a powerful tool to enhance human experiences.
Taylor Black is a cross-functional team leader and seasoned entrepreneur passionate about driving innovation and growth. As a co-founder of Fizzy Ventures and a Principal Program Manager at Microsoft Incubation Studio, Taylor has been at the forefront of entrepreneurial ecosystems, venture studios, and technology and business model innovation.
Thanks to this remarkable background, Taylor's expertise is sought after by founders, corporate innovators, venture accelerators, incubators, and studios alike.