This week on Turpentine VC, we feature a compilation episode of our popular interviews with Tom Tunguz, General Partner at Theory Ventures who just announced a $450M second fund less than two years after launching. Over the course of the episode Tomasz explains their concentrated portfolio approach, and expands on their key theses in AI, decentralized infrastructure, and the future for data businesses (like Databricks and Snowflake).—🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse—SPONSORS:📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at carta.com/investors.🤲🏼 GiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. (Select PODCAST and enter Econ 102 at checkout to support our show.)💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.—LINKS:Tom’s Website: https://tomtunguz.com/Theory Ventures: https://theory.ventures/ —FOLLOW:@ttunguz@Theoryvc@eriktorenberg@TurpentineVC—HIGHLIGHTS FROM THE EPISODE: Theory Ventures has launched a $450 million second fund and focuses on making concentrated investments after extensive research in specific sectors.  The venture capital industry has grown from $8 billion to $300 billion over the last 12 years but is expected to settle back to around $150-180 billion. Blockchain technology is viewed as a contrarian investment in 2024, but there's potential for practical enterprise applications beyond cryptocurrency. Databricks has seen massive growth, with its data warehousing revenue increasing from $100 million to $400 million in just one year. The modern data infrastructure stack includes companies like Fivetran for moving data and DBT for transforming data once it's in a database.  The most valuable part of the data infrastructure business is compute workload processing, not data storage. Tom’s take on NVIDIA's future value

Tom Tunguz, General Partner at Theory Ventures and co-author of "Winning with Data," shares insights on the fast-evolving landscape of data and AI. He discusses the rise of generative AI and its impact on workforce training and data governance. The importance of data quality and contracts in modern data management comes into focus. Tunguz also delves into decentralized data management through data mesh and hybrid cloud models, while highlighting the skills needed for data professionals in an AI-driven world.

Tom Tunguz, General Partner at Theory Ventures and co-author of Winning with Data, dives into the fast-paced world of data and AI trends. He explores the evolution of generative AI and its implications for workforce efficiency. The discussion covers shifts in data management strategies, emphasizing data control within cloud technologies and democratizing business intelligence. Tunguz also shares insights on emerging data startups and the critical role of AI in driving business growth and optimizing customer support.

In this engaging discussion, Tom Tunguz, a General Partner at Theory Ventures, Edo Liberty, CEO of Pinecone, and Nick Elprin, CEO of Domino Data Lab, delve into the future of generative AI. They explore emerging trends and the transformative impact AI will have on various industries. The conversation covers challenges in deploying AI technologies, innovations in model training, and the evolving infrastructure needed for success. With insights on productivity enhancement and the importance of skill adaptation, the trio paints an exciting picture of what lies ahead.

Theory Ventures General Partner Tom Tunguz discusses AI financing, the future of data centers vs. the Cloud, predictions for GPUs, and the importance of staying at the forefront of AI developments. He shares insights on investing in AI tech venture capital, the relevance of Generative AI, and the significance of personalized email communication for entrepreneurs in the AI space.