Sramana Mitra: At the same time, these open source technologies are fairly complex and require external expertise for them to be able to manage them. You are one of the specialized vendors whom they’re reaching out to to get that expertise in?
Peter Nichol: I think that’s right. The companies that base their business on open source are providing a lot of expertise around open source technology. For example in our case, the technology we deal with is a database technology. One example is Cassandra which is a NoSQL database technology. It’s used for storing terabytes, or even petabytes of data, by companies who are writing applications that may have thousands or even millions of users like Facebook. >>>
Traditional VCs now each have very large funds. They need to invest large chunks of money. NEA’s last fund is over $3 billion. They LOVE to invest in Bootstrap First, Raise Money Later scenarios.
Here, you can hear the perspective of Scott Sandell, Managing General Partner at NEA, on all that and more:
Come talk to me to brainstorm, strategize, weigh your funding options.
In the second half of the year, there has been a flurry of Chinese FinTech companies going public in the US. Jianpu Technology, a wholly owned subsidiary of Billion Dollar Unicorn Rong360 is the latest to list on the NYSE under the ticker JT. >>>
Peter provides some excellent insights into open problems around which new entrepreneurs can build companies.
Sramana Mitra: Let’s start by having you introduce yourself as well as Instaclustr to our audience.
Peter Nichol: I’m the CEO of Instaclustr. I’ve been CEO and various other positions in the technology industry for nearly 30 years. I’m based in Silicon Valley. Instaclustr is a company that was founded in Australia in 2013 about four years ago. We focus on providing Database-as-a-Service to our customers with a specific focus on not just open source technology starting with Cassandra but >>>
Entrepreneurs are invited to the 377th FREE online 1Mby1M mentoring roundtable on Thursday, December 7, 2017, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
This feature from TechCrunch investigates the slump in early stage funding since 2014. The number of VC rounds in technology companies has fallen from 19,000 to 10,000. For this week’s posts, click on the paragraph links. >>>
According to Gartner, the Application Performance Management market grew 13% to $2.93 billion in 2016. With enterprise businesses continuing to rapidly adopt cloud technologies, the APM market is expected to reach $5.6 billion by 2020. The market is led by Dynatrace with 14.2% share followed by IBM with 8% share and New Relic (NYSE: NEWR) with 6.3% share. >>>
According to Gartner, cloud-based security web gateways services are showing rapid growth with a five-year historical compound annual growth rate of 32%, compared to just 5% for on-premise appliances. Billion Dollar Unicorn Zscaler has been named as a leader in the Gartner Secure Web Gateway Magic Quadrant for the seventh consecutive year. >>>