Venture Capital firms and Angel investors pumped in over $3.6 billion into Big Data startups in 2013 and investments this year are expected to top this figure. Jake Flomenberg started writing code and managing products with Lockheed Martin and Cloudera before moving into a role with Splunk where he conceived and lead their efforts around Web Analytics. In 2012, he left Splunk to join venture capital firm Accel Partners.
Venture Capital firms and Angel investors pumped in over $3.6 billion into Big Data startups in 2013 and investments this year are expected to top this figure. Jake Flomenberg started writing code and managing products with Lockheed Martin and Cloudera before moving into a role with Splunk where he conceived and lead their efforts around Web Analytics. In 2012, he left Splunk to join venture capital firm Accel Partners.
Accel Partners was founded in 1983 and has helped over 300 successful category-defining companies including Facebook, Kayak, Dropbox, Walmart.com and Spotify. Jake is over the Big Data Fund that has invested in Cloudera, the leader in Hadoop software, Couchbase, a provider of NoSQL technology, and QlikView, a self-service business discovery application. He is also over the recently announced $100 million Big Data Fund 2.
Jake recently sat down with Stefan Groschupf, CEO and Founder of Datameer and host of Big Data & Brews to explain what venture capital firms look for in a big data investment above and below the data line in the big data technology stack.