Beyond IOT - Jan 21st, 2019 - Cork, Ireland Keynote by Vitaly M. Golomb, Managing Partner, GS Capital

1. Author of Accelerated Startup
Contributing Writer @ TechCrunch
Supervisory Board @ Ukraine Venture Capital Association
Previously: 3X CEO and Founding Partner
B.A. in Computer and Video Imaging @ Cogswell College
Venture Capital @ UC Berkeley Haas School of Business
Vitaly M. Golomb
Managing Partner, GS Capital

2. NEW WORLD ORDER - THE AI ERA
VITALY M. GOLOMB
@vitalyg // FB.com/VitalyGolomb // www.AcceleratedStartup.me

3. AGRICULTURAL PRODUCTIVITY
1830
250-300 HR
100 BUSH
1850
75-90 HR
100 BUSH
1890
35-40 HR
100 BUSH
40-50 HR
100 BUSH
1930
15-20 HR
100 BUSH
1945
10-14 HR
100 BUSH
42 HR
100 BUSH
1965
5 HR
1975
2-4 HR
1987
1-3 HR

4. NEXT?

5. 3RD INDUSTRIAL REVOLUTION CHANGES EVERYTHING
2007-
3rd INDUSTRIAL
REVOLUTION
CONVERGENCE,
EXTERNAL NEURAL
NETWORKS
CYBER-PHYSICAL
SYSTEMS
1969-2000
DIGITAZATION
OF ECONOMY
ELECTRONICS,
AUTOMATED
PRODUCTION
1st INDUSTRIAL
REVOLUTION
1760-1840
STEAM, WATER,
MECHANICAL
PRODUCTION
EQUIPMENT
1860-1914
2nd INDUSTRIAL
REVOLUTION
DIVISION OF LABOR,
ELECTRICITY,
MASS
PRODUCTION
COMMUNICATE
+ MANAGE
ECONOMIC ACTIVITY
POWER + FUEL
ECONOMIC ACTIVITY
MOVE
ECONOMIC ACTIVITY
PRINTING PRESS
TELEGRAPH
COAL STEAM OIL FOSSIL
FUELS
TELEPHONE
RADIO
COMBUSTION ENGINE
AUTOMOBILE
STEAM POWERED
RAIL
INTERNET UBIQUITY
RENEWABLE ENERGY
AUTONOMY
WE
ARE
HERE

6. PC > INTERNET > MOBILE > AI?
SOURCE: CHRIS DIXON, WHAT’S NEXT IN COMPUTING?

7. A STARTUP IS...
AN EXPERIMENT IN SEARCH
OF A BUSINESS MODEL- STEVE BLANK

8. SCALABLE
STARTUP
TRANSITION COMPANY
BUSINESS MODEL FOUND
PRODUCT/MARKET FIT
REPEATABLE SALES MODEL
MANAGERS HIRED
BREAK-EVEN
PROFITABLE
RAPID SCALE
NEW SENIOR MANAGEMENT
~150 PEOPLE
“A STARTUP IS NOT A SMALLER
VERSION OF A LARGE COMPANY”- STEVE BLANK

9. THE TECHNOLOGY LIFE CYCLE “S CURVE”
PRODUCTPERFORMANCE
TIME/EFFORT/INVESTMENT/EXPERTISE
RESEARCH
MATURITY
INNOVATION SWEET SPOT
- RAPID PRODUCT
& MARKET DEVELOPMENT
- NEW SOLUTIONS
- SHORT PRODUCT LIFE CYCLES
- LOWERING BARRIERS TO ENTRY

10. $0
NETREVENUE
TIME
RESEARCH
MATURITY
CONCEPT
EARLY
VALIDATION
MARKET
TRACTION
SCALE
VALIDATION
PREDICTABLE
SCALE
SEED
SERIES
A
SERIES
B
SERIES
N
IPO
Source: Jerome S. Engel 2012
STAGED FINANCING

11. PRODUCTPERFORMANCE
1960s 1970s 1980s 1990s 2000s 2010s
Source: Jerome S. Engel 2012
SILICON VALLEY INNOVATION CYCLES

12. “ARTIFICIAL INTELLIGENCE” INVESTMENTS

13. Source: CB Insights

14. FINTECH TRANSPORTATION SOFTWARE & INTERNET
IOT INDUSTRY 4.0HEALTHCARE

15. HEALTHCARE

16. HEALCARE TECH INVESTMENTS

17. THE DIGITAL HOSPITAL IS TRANSFORMING MEDICINE
Source: CB Insights

18. …AND A LOT OF IT IS HAPPENING OUTSIDE OF U.S.
Source: CB Insights

19. SPEAKING OF HEALTH

20. THIS IS
NOT
MEAT

21. Source: CB Insights / MosaMeat
THE FUTURE OF FOOD: LAB-CULTURED MEAT

22. LAB-CULTURED MEAT BRINGS ENVIRONMENTAL BENEFITS

23. TRANSPORTATION

24. AUTOMOTIVE TECH INVESTMENTS

25. Source: CB Insights
MAJOR COMPANIES WORKING ON AUTONOMOUS

26. Source: Spoke

27. FINTECH

28. FINTECH INVESTMENTS

29. AI IN FINTECH
Source: CB Insights

30. BLOCKCHAIN = DIGITAL TRUST
P IDENTITY
P NOTARY
P DIGITAL ASSETS/SECURITIES
P SMART CONTRACTS
P DIGITAL VOTING
P DISTRIBUTED STORAGE

31. INDUSTRY 4.0

32. INDUSTRIAL TECH INVESTMENTS

33. 3D TRANSFORMATION
DRIVING THE NEXT INDUSTRIAL REVOLUTION
Today
Industrial
Revolution
Blueprint design
and mass production
3D
Transformation
Immersive and easier design
and Prototype & Final Part
“Digital” production
Handmade and
time intensive
Pre-
Industrial
Internet
Computer aided design
and JIT machine production
Next
Industrial
Revolution
Democratization of
Design and
Ubiquitous
production

34. IN THE NEAR FUTURE…
34
Source: Neotech AMT

35. SOFTWARE & INTERNET

36. SOFTWARE INVESTMENTS

37. INTERNET INVESTMENTS

38. Source: Wired
BETTER GAMER THAN HUMAN
VIDEO GAME PLAYING A.I.

39. Develop a
model for how
the flatworm
regenerates
Source: Wired Source: Wired
100 YEAR OLD SCIENCE PUZZLE
SOLVED BY ALGORITHM IN 42 HOURS

40. SMART MACHINES
40

41. IOT

42. IOT INVESTMENTS
Funding in last year YoY Funding Growth Deals in last year YoY Deal Growth
Avg Deals per Quarter Avg Funding per Quarter Biggest Quarter Biggest Quarter
Q2’18 Q2’18
3,034 -1.84%$24.8bn +31.74%
652 $3.8bn

43. 43
Source: PCMag.com
INTERNET OF ALL THINGS

44. 5G TO DRIVE NEXT IOT WAVE
P TRANSPORTATION
P ENTERTAINMENT
P HEALTHCARE
P ENERGY & UTILITIES
P MANUFACTURING
P AGRICULTURE
P RETAIL

45. “THE CHANGE, IS MUCH FASTER THIS TIME AND
SOCIETY MUST WORK MUCH FASTER; PERHAPS
FASTER THAN THEY CAN. THE NEXT GENERATION
WILL BE ONE OF DIFFICULT TRANSITION AS
UNTRAINED MILLIONS FIND THEMSELVES HELPLESS
TO DO THE JOBS THAT MOST NEED DOING.”
- ISAAC ASIMOV (FATHER OF ROBOTICS)
1983 PREDICTIONS ABOUT 2019

46. WE ARE ALREADY
SEEING THE ECONOMIC
EFFECTS OF AI

47. MASS STRUCTURAL
CHANGES

48. PROTECTIONISM

49. NATIONALISM

50. A $200 TRILLION GLOBAL ECONOMY BY 2043
Source: Arvind Gupta, Indie Bio

51. 3 SPEED WORLD BY 2030:
DIFFERENT REGIONS, DIFFERENT ISSUES
United States
(speed 1)
Brazil
Europe
(speed 1)
India Japan
China
(speed 2)
Sub-Saharan
Africa
(speed 3)
2.1%
Medical, AI, ICT,
Batteries
Global leadership
Innovation
GDP growth
2030
3.68%
Leapfrog technologies
Digital currency
Quality of life
Security
GDP growth
2030 5%
AI, Robotics,
Batteries
Global leadership
Energy & resources
GDP growth 2030
1.62%
Cloud market
Renewable energy
Resource efficiency
Digital single market
GDP growth
2030
Real GDP 2010 Real GDP 2030

52. SO WHO IS BEST PREPARED
FOR THE FUTURE?

53. “SUCCESS IS THE BALANCE BETWEEN
TIGHT AND LOOSE CULTURES.”
- MICHELE GELFAND
AUTHOR OF RULE MAKERS, RULE BREAKERS

54. GET MY BOOK
WWW.ACCELERATEDSTARTUP.ME
GET THE SLIDES
WWW.GOLOMB.NET/BEYONDIOT2