The Inside Scoop On Building $1b+ Unicorn Data Company with Nova at Bottlenose.com, EP 248: Nova Spivack

Published: June 2, 2016, 3 p.m.

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Nova Spivack, CEO of Bottlenose - a company that uses data mining to predict long-term market trends. Nova\\u2019s a notable angel investor, blogger, public speaker, and technological pioneer who\\u2019s 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? \\u2013 Positioning
What CEO do you follow? \\u2014 Myself
What is your favorite online tool?\\u2014 Trello
Do you get 8 hours of sleep?\\u2014 No
If you could let your 20 year old self know one thing, what would it be?\\u2014 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 \\u2013 Nathan\\u2019s introduction
01:45 \\u2013 Welcoming Nova to the show
03:00 \\u2013 In 2007 Nova was the first investor in Klout - will net about 100x ROI
04:06 \\u2013 In 2010 started the Venture studio in LA
05:05 \\u2013 Venture helped incubate The Daily Dot: the internet\\u2019s local news website
06:20 \\u2013 Idea behind Venture is to \\u2018produce\\u2019 companies: linking money to creativity
07:50 \\u2013 Produced Daily Dot; Klout; Bottlenose, Live Matrix...
08:20 \\u2013 Took the CEO position at Bottlenose
09:00 \\u2013 Early-stage companies don\\u2019t need CEOs: they need producers
09:50 \\u2013 The skill set of a producer is very different to that of a late-stage CEO
09:33 \\u2013 Omelette currently has around 20 big-brand clients
11:20 \\u2013 What does Nova think of Dose.com and the AI trend?
14:10 \\u2013 How Bottlenose analytics works
15:00 \\u2013 Real-time analytics across 100 billion data records per day
15:40 \\u2013 SAS model: annual subscription with annual contracts of $10,000 - $500,000
16:48 \\u2013 Discussion of Bottlenose\\u2019s current fundraising
19:09 \\u2013 Tabletop entry for big data analytics is around $40 million
21:45 \\u2013 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 \\u2013 The site Nathan uses to buy his domain names and hosting for cheapest price possible.
Leadpages \\u2013 The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+
Audible \\u2013 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

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